Pasadena Refining System
Encyclopedia
Pasadena Refining System, Inc. (PRSI) is a refinery company. The company has its headquarters in Pasadena, Texas
, United States. As of 2008 it is a 50-50 partnership between Petrobras
and Astra Holding USA, the USA subsidiary of NPM/CNP
, and it is Petrobras's only American oil holding.
In 2006 Petrobras bought a 50 percent stake in Pasadena Refinery System for $360 million. In 2007 Petrobras engaged in negotiations with Astra Holding in an attempt to buy the other half.
Pasadena, Texas
Pasadena is a city in the U.S. state of Texas within the metropolitan area. It is the second-largest city in Harris County, 17th-largest in Texas, and 162nd largest in the United States. The area was founded in 1893 by John H. Burnett of Galveston....
, United States. As of 2008 it is a 50-50 partnership between Petrobras
Petrobras
Petróleo Brasileiro or Petrobras is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It is the largest company in Latin America by market capitalization and revenue, and the largest company headquartered in the Southern Hemisphere by market...
and Astra Holding USA, the USA subsidiary of NPM/CNP
NPM/CNP
NPM/CNP, "Nationale Portefeuillemaatschappij" in Dutch and "Compagnie Nationale à Portefeuille" in French, is a Belgian holding company having shares in various firms. The company is controlled by the family of Albert Frère...
, and it is Petrobras's only American oil holding.
In 2006 Petrobras bought a 50 percent stake in Pasadena Refinery System for $360 million. In 2007 Petrobras engaged in negotiations with Astra Holding in an attempt to buy the other half.