SAO PAULO - Brazilian state-run energy giant Petrobras (PBR) is evaluating investment opportunities in Saudi Arabia, the company said late Wednesday in a statement.In October, Petrobras officials visited the biggest petrochemical complex in Saudi Arabia, Petrochemical Jubail, where there are plans to build a fertilizer plant to produce ammonium nitrate and a green petroleum coke calcining, or CVP, unit to supply the aluminum industry.
"Petrobras has been negotiating not only on supplying CVP to the calcining plant, but also the possibility of participating in the two projects in association with the Modern Mining Holding Company Ltd. and its affiliate Modern Chemical Company," Petrobras said.
"Another meeting has been scheduled for December to continue with the discussion between the parties," it said.
The company, however, did not unveil an amount of potential investments in Saudi Arabia.