Petrobras has not called off or altered talks to sell an unfinished fertilizer plant to Russian group Acron even as Russia’s invasion of Ukraine has triggered Western sanctions, two Brazilians close to the deal told Reuters last week.
“Negotiations are moving forward ... based on the memo signed by both sides,” said one of the sources, who requested anonymity to discuss confidential talks.
Asked about progress on the deal, Petrobras said it had no updates.
Read the article online at: https://www.worldfertilizer.com/nitrogen/07032022/fertilizer-plant-talks-between-petrobras-and-acron-ongoing-say-sources/
The company is partnering with India to carry out joint research and development initiatives, to jointly promote innovative fertilization solutions, and to offer tailor-made fertilizers that meet the specific needs of Indian farmers.