Just last week, Reuters reported that the Brazilian state-owned oil company had announced its intention to mothball the two fertilizer factories located in Sergipe and Bahia states towards the end of 1H18. Now, the company has reportedly decided to hold off from doing so for 120 more days.
According to Reuters, this action comes as Petrobras seeks to exit the fertilizer business.
Read the article online at: https://www.worldfertilizer.com/project-news/28032018/petrobras-delays-mothballing-two-fertilizer-factories/