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Company In Brief

This article was originally published in The Public Ledger

BRAZIL’s state-run oil company Petrobas has announced it will buy a fertiliser plant from mining firm Vale. The $234m purchase of the Araucaria Nitrogenados plant in Parana state will be financed with revenues from Petrobas’ mining rights in Sergipe state, leased to Vale. The plant has annual production capacity of 1.1m tonnes of ammonia and urea.



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