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The Pending Closing Term (TEP) aims to complete four contractual issues between Petrobras and former Odebrecht, current Novonor
On March 31, Petrobras' board of directors approved the signing of the Pending Termination Term (TEP) with Novonor, which is the former Odebrecht. This term has the objective of definitively finalizing four contractual disputes, upon payment of amounts by Novonor to the state-owned company. Among them, three were being discussed in arbitration proceedings.
According to the virtual news vehicle Broadcast, Petrobras – which is in oil field negotiation process – said that, as of the signature of the TEP, it plans to regulate the effects for the two companies resulting from the Leniency Agreement, signed in 2018 by companies participating in the Novonor Group with the Comptroller General of the Union and the Advocacy General of the Union.
In this sense, Petrobras states: “Petrobras will proceed with administrative impropriety actions against companies of the Novonor/Odebrecht Group, seeking full compensation for the losses identified due to the illegal acts revealed by Operation Lava Jato, but, in prestige to the Agreements of Leniency, while they are in effect, will not seek sanctions or precautionary measures against these companies”.
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In addition, the Pending Closing Term (TEP) also estimates that the signature does not exempt the companies that are part of the Novonor Group from subjugating themselves to the process of analyzing the requirements to act in the supplier register or participate in Petrobras' competitive admission procedures, including integrity.
On the other hand, the state-owned company advised that its affiliate Petrobras Netherlands BV (PNBV) also sign the TEP with the Enseada Indústria Naval shipyard, also belonging to the Novonor Group, to settle the dispute between the companies.
Oil: Petrobras and PetroRio discuss negotiations for Albacora and Albacora Leste; with the sale of the second field more on the way
Petrobras is going through a process of bilateral negotiations with PetroRio, in order to sell the Albacora and Albacora Leste oil fields since November last year. The transaction in question could end up being one of the last divestitures – attitude that the company has taken with many mature fields – broad Petrobras plans before the presidential elections take place in October. On the other hand, this would also be a significant and transformative business for PetroRio, which is headquartered in Rio de Janeiro.
Thus, according to Reuters information published by the InfoMoney website, PetroRio, that has innovated with systemsgas power generation, is proving to be close to agreeing to the terms of the Petrobras deal for the acquisition of the Albacora Leste field. However, with regard to the Albacora field, the rumors are more discouraging, as the conversations about it are becoming more complex. Both Petrobras and PetroRio did not agree to discuss the negotiations. To learn more about business between the state-owned company and other companies, such as Novonor, click here to read the article in full.
Due to the controversies involving fuel prices, the Government decides to dismiss Joaquim Silva e Luna, president of Petrobras. The new person to occupy the position has already been chosen
On the afternoon of Monday, March 28, the President of the Republic Jair Bolsonaro decided to dismiss Joaquim Silva e Luna, president of Petrobras. According to information from the newspaper O Globo, the reason for the decision, which was previously mentioned as a possibility, is the pressure that the state-owned company is under due to increases in fuel prices.
In recent weeks, the readjustment of fuel prices at refineries was responsible for the increase in gasoline prices by 18,7% and diesel prices by 24,9%. In this sense, from February 2021 to February 2022, the IPCA on fuels, that is, the main indicator of inflation in the country, jumped by 33%. Gasoline increased 32%, ethanol, 36%, and diesel 40%, corresponding to values much higher than the general index, which is 10,54%. finish the reading this other CPG article by clicking on this link.
