OGJ Newsletter

08/09/1999
Click here to enlarge imageU.S. INDUSTRY SCOREBOARD 8/9Energy firms are reorganizing to meet the demands of an increasingly competitive and low-margin business. Two state oil companies are looking to privatize portions of their operations, while two private firms are excising non-core businesses from their portfolios.Brazil`s Petrobras has received board approval to create a new division called Participacoes e Desmobilizacoes (Interests & Asset Sales) to manage its petrochemical and electric power sectors and oversee the sale of assets in several sectors. The company hasn`t decided yet which assets will be sold, although Petrobras Pres. Henri Philippe Reichstul has said it might sell in...
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