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The Senate Requests New Information On The Privatization Process Of The Mataripe Refinery From Petrobras With The Arab Fund Mubadala Capital. The Sale Of The Structure In Bahia Caused A Series Of Uncertainties In The National Fuel Market.
The Senate’s Oversight and Control Committee approved a series of requests for new information from Petrobras regarding the sale of the Mataripe Refinery in Bahia to the Arab fund Mubadala Capital in 2021. The privatization of the structure has sparked a series of discussions in the national fuel market. Now, new processes are being opened to verify Jair Bolsonaro’s plan for the former state asset.
Senate Committee Opens Requests For New Information On The Privatization Process Of The Mataripe Refinery From Petrobras, Which Took Place In 2021
Even after almost two years since the privatization process of the new Mataripe Refinery, located in the state of Bahia, the sale of Petrobras’s asset is still generating discussions in the sector.
Now, the Senate’s Oversight and Control Committee has requested new information regarding the transaction process for the structure. According to oil institutions warned at the time, the privatization of the asset occurred at a value much lower than what should have been offered.
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Besides reaching the company’s president, Jean Paul Prates, the Senate’s requests were also forwarded to Ministers Alexandre da Silveira (Mines and Energy) and Mauro Vieira (Foreign Affairs).
At the time, the refinery’s sale was finalized in 2021 for R$ 1.65 billion, a value well below what was expected by oil institutions, which pointed to R$ 3 billion as the minimum for the asset.
Senator Omar Aziz (PSD-AM) warned that the sale of the Landulpho Alves refinery, now Mataripe Refinery, could even be reversed if it was not sold “at the correct price.”
Senator From Bahia Highlights Consequences Of The Privatization Of The Mataripe Refinery
The vice president of the committee, Senator Otto Alencar from the PSD of Bahia, highlighted that, after the privatization of the Mataripe Refinery during Bolsonaro’s government to Mubadala Capital, there is a true monopoly in the Bahia market.
“Today in my state there is a monopoly of this refinery, so much so that diesel and gasoline are sold in my state at a higher cost per liter than in Brazil. This relationship with the Mubadala group, which is a group from Saudi Arabia, arises, as well as the valuable gifts that were given to Brazil and that somehow, according to the press, the Federal Court of Accounts, and the Public Prosecutor’s Office, were forwarded to the families of former President Jair Bolsonaro, there should be a very close relationship.”
Meanwhile, the president of the committee, Senator Omar Aziz from the PSD of Amazonas, stated that the Senate’s request for new information from Petrobras is about the sale price of the asset. However, the jewelry delivered to Michelle Bolsonaro might be included in the process.
Finally, the Saudi ambassador needs to confirm whether it was or was not a gift from Saudi Arabia and to whom it was given. Now, we must wait for the next steps of the Senate’s request to Petrobras regarding the privatization of the Mataripe Refinery to Mubadala Capital.
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