State-run Brazilian oil company Petrobras said on Tuesday the sale process for the control of a natural gas pipeline that connects Bolivia and southern Brazil is in a binding phase.
EIG Global Energy Partners presented a binding proposal, which must be considered by Petrobras’ management, and in case of approval will start the negotiation phase, it said in a securities filing.
On Monday, Reuters reported EIG and Petrobras were close to reaching an agreement for Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG), which operates the Brazilian section of the pipeline called Gasbol. (Reporting by Carolina Pulice and Peter Frontini Editing by Chris Reese)
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