The Processes of Petrobras’s Refineries Sales Have Entered the Binding Offers Receipt Stage
The processes of Petrobras’s refineries sales have advanced. Now, they have entered the stage of receiving binding offers. The National Agency of Petroleum, Natural Gas and Biofuels (ANP) informed last week that it will continuously monitor the impact of the “new circumstances” in the market.
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The idea is to establish logistics operators to manage the related infrastructure, such as pipelines and terminals. The National Agency of Petroleum pointed out that, through its regulations, priority can be guaranteed to facility owners to handle their own products, but the regulations also stipulate third-party access rights, “aiming to promote the maximum use of available transport capacity”.
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The ANP clarified in a joint statement with the Ministry of Mines and Energy that its activities are based on improved regulations to ensure the security of petroleum derivative supply throughout the country, free competition, and protection of consumer rights.
According to the MME, the ANP’s latest position aligns with the guidelines of the National Energy Policy Commission (CNPE) and aims to promote competition. Last May, the CNPE approved Resolution No. 9/2019, which established guidelines for the divestment of Petrobras’s refining businesses.
The CNPE suggested at the time that the refinery and its respective logistical assets be sold at the same time and that the logistical infrastructure be preferably transferred to non-vertical economic groups, complying with third-party access regulations.
Additionally, the resolution also determined that potentially competitive refineries should be sold to different economic groups, and Petrobras should divest 100% of the assets.
The oil company is selling 8 of its 13 refineries, equivalent to half of its production capacity. The company’s idea is to focus only on assets in the Rio-São Paulo axis. Yesterday, the company received a binding offer for Rlam in São Francisco do Conde, Bahia.

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