OIL
Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday.
In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, CEO of the company, officially Petroleo Brasileiro, told a recent board meeting that BR Distribuidora would be excluded from the company's $13.7-billion asset sale plan.
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