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STXNEWS LATAM-GranBio to invest $500 mln in Brazil oil platforms
October 9, 2013 / 2:14 PM / in 4 years

STXNEWS LATAM-GranBio to invest $500 mln in Brazil oil platforms

GranEnergia, the logistics and energy arm of Brazilian biotechnology startup GranBio Investimentos, will invest $500 million on three offshore oil repair platforms in coming years, the company said in a statement on Wednesday.

The first platform will start serving state-run Petroleo Brasileiro SA, known as Petrobras, in the Campos Basin in 2014.

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