Oil and gas company Petroleo Brasileiro is considering sale of self-branded ethanol at service stations acquired by Galp Energia from Exxon Mobil in Portugal, reported Latin America News Digest, citing Portuguese newspaper Diario Economico.
The plan is expected to move forward after Portuguese competition regulator AdC approves the acquisition of the service stations by Galp.
Petroleo Brasileiro (Petrobras) and Galp have recently joined hands to set up a bio-fuel joint venture Brasgalp, which is expected to start functioning by 2010.