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FUP pressures Petrobras to suspend contracts signed for the sale of assets and that all acts involved in the divestment program be reassessed

Written by Ruth Rodrigues
Published 25/01/2023 às 12:05
Updated 02/02/2023 às 19:16
With a focus on aligning with the new government's guidelines, FUP pressures Petrobras to suspend the sale of assets and that the divestment program be reassessed
Source: FUP

With a focus on aligning itself with the new government's guidelines, FUP pressures Petrobras to suspend the sale of assets and that the divestment program be reassessed.

The FUP (United Federation of Oil Workers) is pressing for an immediate suspension of the sale of Petrobras assets. The request was directed to the Ministers of the Civil House, Rui Costa (PT), and Mines and Energy, Alexandre Silveira (PSD), to negotiate with the current management of the state-owned company to stop the negotiations that are in progress. add to the order that all preparatory acts for carrying out the divestments intended by the company be reassessed.

Signed agreements amount to around US$4,2 billion

The oil tankers want to suspend not only the processes still in the processing phase, but also the businesses with contracts already signed, which have not yet been concluded.

The list includes signed deals worth around $4,2 billion.

The FUP cites the intention to suspend the sale of assets such as Transportadora Brasileira de Gasoduto Bolivia-Brasil (TBG) and Transportadora Sulbrasileira de Gás (TSB), whose divestments are part of the term of commitment between Petrobras and the Administrative Council for Defense Economy (Cade).

The Pole Potiguar, sold to 3R Petroleum for US$ 1,38 billion, and the Pole Norte Capixaba, sold to Seacrest for US$ 544 million, are also pending completion.

Also on the list are Lubnor (CE), sold to Grepar for US$ 34 million, Polo Golfinho and Polo Camarupim (ES), whose sales contracts were signed in 2022 with BW Energy in the amount of US$ 75 million. Albacora Leste, sold to Prio for US$ 2,2 billion, and Polo Bahia Terra, under negotiation with the PetroReconcavo/Eneva consortium.

The FUP argues that the focus of the suspension is “to align decisions with the guidelines of the current government”.

Petrobras' new management intends to stop divestments

Representatives who have links with unions were part of the Mines and Energy operation group of the government transition cabinet, alongside, until then, Senator Jean Paul Prates (PT/RN), who was later nominated for the presidency from Petrobras.

Prates, is still awaiting the internal procedures to take over Petrobras, the state-owned company is currently headed by João Henrique Rittershaussen on an interim basis.

The senator vehemently criticizes the state-owned asset disposal program, especially that of the refineries. He defended that, during the transition works, the Petrobras administration would interrupt divestments until the new government takes office.

However, Prates pondered that there is no way for the transition team to block processes that are already very advanced and has already minimized the capacity of the new government to make it impossible for contracts that have already been closed.

According to the letter sent to the Civil House and MME, the FUP points out that Petrobras has already sold 64 assets since 2019. It recalls that other sales operations are in progress.

 “Suspending privatizations and reassessing the process of selling Petrobras units are necessary precautionary measures”, declared FUP's general coordinator, Deyvid Bacelar.

In the document sent to the ministries, the FUP coordinator recalls that Petrobras' current management follows the strategic plan for 2023 to 2027, approved in December last year, and which provides for the continuity of the divestment program.

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Ruth Rodrigues

Graduated in Biological Sciences from the State University of Rio Grande do Norte (UERN), she works as a writer and scientific disseminator.

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