Largest oil companies in the world attracted by the 8 Petrobras refineries

Package of eight refineries from the Petrobras divestment program attracts the largest trading companies and oil companies in the world

Confirming the high interest shown by large companies in Petrobras' refineries, when around 20 companies signed the confidentiality agreement guaranteeing access to refinery data, the list of large companies interested in the deal, should confirm one of the biggest divestments in the history of Petrobras, which should raise up to US$ 18 billion.

The companies asked not to have their names disclosed to guarantee the confidentiality of the negotiations, but it is speculated that among those interested are the trading companies Vitol, Glencore and Trafigura.
Among the Brazilian companies interested are Ultrapar Participações and root, a joint venture between Brazil's Cosan and Shell.

the bidding

Petrobras divided the eight refineries into two groups of four and the first round of non-binding offers will take place on October 11, according to sources collaborating with the Reuters agency.
Added to Petrobras' eight refineries, it has a total refining capacity of 1,1 million barrels a day.

Completing the list of interested parties, according to the sources, are also the Chinese PetroChina Co and Sinopec, which already has a joint venture in Brazil with the Spanish Repsol.
It is speculated that the Saudi giant Saudi Aramco would also be looking at the numbers of Petrobras refineries to be part of the event.

By imposition of Cade, Petrobras changed the sale process, now the refineries will have to be sold in their entirety and no longer 60% as was the initial intention of the oil company.
The purpose is not to form a cartel and the refineries must be sold one by one, with the same company not being able to buy two refineries in the same region, in the Northeast or in the South.

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