Congress's Action Against Sale of Petrobras Refineries to Be Judged by the Supreme Federal Court Starting Friday

Congress’s Action Against Sale of Petrobras Refineries to Be Judged by the Supreme Federal Court Starting Friday

Written by Flavia Marinho

Published on 15/09/2020 at 14:14

No pedido que será julgado pelo STF, o Congresso argumenta que a eventual venda das refinarias da Petrobras iria contra uma decisão anterior da própria corte em 2019

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In The Case That Will Be Judged By The STF, Congress Argues That The Possible Sale Of Petrobras Refineries Would Contradict A Previous Decision By The Court In 2019

The Plenary of the Federal Supreme Court (STF) is set to judge starting next Friday, a preliminary injunction requested in July by Congress to prevent Petrobras from selling its refineries, with the petition citing the refining units in Bahia (RLAM) and Paraná (Repar). Petrobras Guarantees Employment For Oil Workers Until August 2022

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According to the STF, the trial will take place in the virtual plenary, extending until September 25, and must include the participation of all 11 ministers. At the end of July, the Court of Accounts of the Union (TCU) issued a favorable opinion to continue the process of selling Petrobras’ refineries.

The expectation is that eight Petrobras refineries will be sold by next year, according to the agreement with Cade. Together, the units have a daily oil processing capacity of 1.1 million, about 50% of the country’s refining capacity.

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Petrobras’ decision to sell part of its refining assets is in line with national energy policy and does not contradict the STF’s decision on privatizations, argued the Ministries of Economy and Mines and Energy in a joint statement previously.

The first refinery to go to market, Rlam in Bahia, is in exclusive negotiations with the Mubadala fund from Abu Dhabi. In addition, Petrobras is also in a more advanced negotiation process for Repar in Paraná, which has drawn the attention of companies such as Raízen (a joint venture between Shell and the energy and logistics conglomerate Cosan) and Ultrapar, owner of the Ipiranga network.

Union Requests To Participate In Process Against Petrobras’ Sale Of Refineries

The Union requested Minister Luiz Edson Fachin to allow participation in the process where Congress asks the STF to prohibit Petrobras from selling refineries without bidding.

In a petition filed on Friday, the AGU requested to be admitted as amicus curiae, a third party not directly involved in the process, but who can submit petitions and provide information.

On Thursday, Fachin released the process for judgment by the Virtual Plenary. The discussion will begin on the 18th and will continue until the 25th.

Congress’s Action Against Sale of Petrobras Refineries to Be Judged by the Supreme Federal Court Starting Friday

In The Case That Will Be Judged By The STF, Congress Argues That The Possible Sale Of Petrobras Refineries Would Contradict A Previous Decision By The Court In 2019

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Union Requests To Participate In Process Against Petrobras’ Sale Of Refineries

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Congress’s Action Against Sale of Petrobras Refineries to Be Judged by the Supreme Federal Court Starting Friday

In The Case That Will Be Judged By The STF, Congress Argues That The Possible Sale Of Petrobras Refineries Would Contradict A Previous Decision By The Court In 2019

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Union Requests To Participate In Process Against Petrobras’ Sale Of Refineries

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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