Petrobras (NYSE: PBR), a Brazil-based oil and gas company, has shifted its strategic direction by halting the sale of its refineries, a move coordinated with the country’s antitrust regulator. This decision reverses a plan announced five years ago to sell a total of eight refineries, of which three had already been sold. The change comes amid increasing governmental pressure to expand operations, create jobs and stimulate the Brazilian economy. The Initial Plan: Divestment of RefineriesBackground of the Divestment Strategy: To streamline operations and reduce debt, PBR initially announced plan…