Petrόleo Brasileiro SA (Petrobras), Rio de Janeiro, has once again decided to push back the closure of its Sergipe and Bahia nitrogen plants in Brazil, according to company filings cited by Bloomberg. This time they are set to operate until Jan. 31, 2019. Earlier this year, Petrobras had said it would idle the plants at the end of June, and then later Oct. 31, 2018.
The company said it continues to assess the future of the plants and additional time is necessary to make a decision. It said the minimum levels of profitability are being maintained. Leasing the plants to third-parties is reportedly an option.