Mubadala Group Acquires RLAM Refinery From Petrobras for $1.65 Billion in Bahia

Written by Flavia Marinho

Published on 08/02/2021 at 12:34

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In Addition to RLAM in Bahia, Petrobras Received Binding Proposals for the Sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná

Petrobras reported in a relevant fact this morning (02/08) that it concluded the negotiation phase with the Mubadala Group as part of the divestment process of the Landulpho Alves Refinery (RLAM) and its associated logistics assets in Bahia. Looking for a job? Shell is looking for young people aged 20 to 34 living in Rio de Janeiro, with a high school diploma and an entrepreneurial mindset and behavior

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According to Petrobras’ report, Mubadala Capital made the best final offer, valued at US$ 1.65 billion. The signing of the purchase and sale contract is still subject to approval by the competent authorities.

Other Petrobras Divestments Beyond RLAM – Bahia

Petrobras also received binding proposals for the sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná but decided to end the process, as the conditions of the proposals submitted fell short of Petrobras’ economic and financial assessment.

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Mubadala Group Acquires RLAM Refinery From Petrobras for $1.65 Billion in Bahia

In Addition to RLAM in Bahia, Petrobras Received Binding Proposals for the Sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná

Also Read

Other Petrobras Divestments Beyond RLAM – Bahia

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Mubadala Group Acquires RLAM Refinery From Petrobras for $1.65 Billion in Bahia

In Addition to RLAM in Bahia, Petrobras Received Binding Proposals for the Sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná

Also Read

Other Petrobras Divestments Beyond RLAM – Bahia

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Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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