Roberto Castello Branco, President of Petrobras, Says Refineries Will Be Sold This Year and Responds to Criticism
According to the President of Petrobras, Roberto Castello Branco, the sale of the company’s eight refineries will be completed this year, in line with the commitment to open the market to private investors. The President stated that there are offers for all units: “We are pleased with the proposals, we received many offers for each of the refineries. None of them has been left without attention.”
- Company of Schlumberger, OneSubsea Launches Apprentice Program with Openings for Macaé
- Petroserv Announces Job Opening in Macaé for Offshore Activities on a 14 x 14 Schedule
- Oil Export – Petrobras Seeks Market Diversification and India Becomes a Possibility
As a reminder, Petrobras has put the following refineries up for sale: Abreu e Lima (RNEST), Landulpho Alves (RLAM), Presidente Getúlio Vargas (REPAR), Alberto Pasqualini (REFAP), Gabriel Passos (Regap), Isaac Sabbá (Reman), Shale Industrialization Unit (SIX), and Northeast Petroleum Products and Lubricants (Lubnor).
-
World Cup 2026 has fans turning living rooms into stadiums; purchases with Visa increase by 30% in Latin America, streaming surges by 34.6%, and electronics rise by 9.4%, revealing how the passion for football has turned into a race for bigger screens before the ball starts rolling.
-
China is no longer cheaper because of labor, but because it has entire cities built around a single product for 40 years, and this is something that Vietnam, India, and Mexico will never be able to replicate no matter how much they try.
-
Tilapia giant puts R$ 12 million on the table, inaugurates mega factory in Brazil, and will process up to 20 tons of fish per day, creating jobs and strengthening family farming.
-
The “blusinhas tax” was canceled in May 2026, and now the government has already confirmed that it will charge tax again on international purchases starting in 2027, this time with no value limit.
During the interview held at Petrobras headquarters in Rio de Janeiro, there were criticisms regarding idle refining capacity, and the president stated, “Many people in Brazil still accuse Petrobras of having idle refining capacity. In 2013, we had the highest utilization year for the refineries – 95%. And it was in 2013 that Petrobras lost the most money on refining.”
According to the refining and natural gas president, Anelise Lara, on the matter: “Today, dark derivatives, low-sulfur fuel oil, and ship bunker fuel are well valued. So, today it is advantageous to produce more of these dark streams.” She also reiterated that the average utilization rate of the refineries in 2019 was 79% and in 2018, 77%.

Be the first to react!