PDVSA poised to enter Brazil's oil products distribution market

08/12/2002
Petroleos de Venezuela SA (PDVSA) has requested permission from Brazil's National Petroleum Agency (ANP) to become a distributor of oil products in Brazil, said Andres Riera, a PDVSA director.PDVSA wants to become a distributor in Brazil through its subsidiary Citgo Latin America, said the director. The goal of the Venezuelan company is to begin distribution in the northern and northeastern regions of Brazil under the brand PDV do Brasil SA, he added.According to PDVSA's general manager in Brazil, Renata Campagnaro, the first service station will be inaugurated by yearend. PDVSA has already purchased a distribution unit from the Brazilian company Equatorial in the city of Porto Ve...
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