Sale of the LUBNOR Refinery by Petrobras is terminated due to non-compliance with the Conditions Precedent. Commitment to operational safety and the environment remains a priority at units in the Northeast.
Petrobras reaffirms its commitment to the continuous operation of the LUBNOR refinery, ensuring the reliability and availability of its facilities and prioritizing the safety and preservation of the environment and people.
Details about the LUBNOR Refinery
LUBNOR, located in Fortaleza, Ceará, has an authorized processing capacity of 8,2 thousand barrels per day. Furthermore, it is one of the main national asphalt producers and the only refining unit in Brazil that manufactures naphthenic lubricants.
Petrobras, following the announcements announced on 22/06/2023 and 08/02/2023, announces that the agreement for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery and its corresponding logistical assets was canceled due to the failure to compliance with the preconditions established in the contract until the determined final date (25/11/2023), despite the efforts made by Petrobras to complete the transaction.
Source: Petrobras
