A worker on a Brazilian gas pipeline. (Petrobras)
Brazilian state-run giant Petrobras had hoped to break the back of its $21 billion divestment programme by selling the Transportadora Associada de Gás (TAG), a network of pipelines in the country’s northern and northeastern regions, for around $8 billion. However, the sale has run into a variety of problems.
A court in Recife, the capital of Brazil’s northeastern state of Pernambuco, suspended the sale of TAG last week, citing the lack of a public tender for the...
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