Chevron completed the acquisition of Pasadena Refinery System from Petrobras for $350m.

Chevron, an American multinational energy corporation, completed the acquisition of Pasadena Refinery System, which includes the refinery in Texas, from Petrobras, a semi-public Brazilian multinational corporation in the petroleum industry, for $350m. “This expansion of our Gulf Coast refining system enables Chevron to process more domestic light crude, supply a portion of our retail market in Texas and Louisiana with Chevron-produced products, and realize synergies through coordination with our refinery in Pascagoula,” Pierre Breber, Chevron Executive Vice President.