At Rio Oil & Gas, Petrobras General Manager Said State Divestments Are Relevant for a More Competitive and Attractive Market in Brazil

Written by Paulo Nogueira

Published on 11/09/2022 at 01:10

Updated on 11/10/2022 at 16:36

stand da Petrobras na feira Rio Oil Gas 2022 | Fonte: Click Petróleo e Gas

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The process of divesting Petrobras assets, especially in refining, is relevant because it allows for new competitors to enter Brazil, said Sandro Paes Barreto, general manager of domestic market commercialization at Petrobras today.

In a panel discussion at Rio Oil & Gas, the executive emphasized that a multiplicity of players is necessary to ensure supply and noted that this process “is much more complex than simply selling the refineries.”

“Obviously, this is a very significant process,” he assured. He emphasized that the distributor has the decision on who will purchase fuels, but the guarantee of supply requires a more refined approach from the National Agency of Petroleum, Natural Gas and Biofuels (ANP), whose role should be that of a “conductor” in a transforming market.

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This is because the guarantee of supply should apply to both traditional fuels (gasoline, ethanol, diesel, aviation kerosene) and new offerings (biomethane and biojet fuel, for example). There are regions, he illustrated, that will have a high supply of biomethane, which must be ensured without disruptions throughout the entire chain.

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