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Petrobras terminates the sale contract for the LUBNOR refinery (PETR4;PETR3).

Written by Paulo S. Nogueira
Published 27/11/2023 às 08:34
Shares, Petrobras, Radar InfoMoney, Refinery
LUBNOR, located in Fortaleza, Ceará, has an authorized processing capacity of 8,2 thousand barrels/day
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The company LUBNOR, located in Fortaleza, in the state of Ceará, has authorization to process up to 8,2 thousand barrels of oil per day, demonstrating its robustness and relevance in the oil and gas industry. Its processing capacity represents an important milestone in the sector, contributing significantly to the production and distribution of fuels.

Company Petrobras reaffirms its commitment to maintaining the operations of the LUBNOR, ensuring the reliability and availability of its facilities, in addition to prioritizing safety, respect for the environment and the integrity of people.

Located in Fortaleza, in the state of Ceará, LUBNOR has permission to process 8,2 barrels per day. Furthermore, it is one of the main asphalt producers in Brazil and the only refinement of the country to manufacture naphthenic lubricants. This is an important milestone, as naphthenic lubricants have special properties that make them particularly suitable for certain types of lubrication.

Petrobras terminates the sales contract refinery LUBNOR

The state company Petrobras (PETR3; PETR4) announced today, September 27, that the contract for the sale of refinery Lubricants and derivatives Oil from northeast (LUBNOR) and its associated logistics assets has been terminated.

TOOLS – FREE MARKET

TOOLS – FREE MARKET

The reason for cancellation was the failure to comply with the previous conditions within the established deadline. According to the Petrobras, despite all the efforts made by the company, the transaction was not completed. **This decision was taken due to non-compliance with previously established conditions, despite the efforts made by Petrobras to complete the transaction**.

Source: InfoMoney

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Paulo S. Nogueira

Creator and disseminator of content in the areas of oil, gas, offshore, renewables, mining, economics, technology, construction and other energy sectors.

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