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According to the Single Federation of Petroleum Workers - FUP, Petrobras was involved in controversy last week due to amounts paid in dividends to shareholders, which could finish works of the former government of Lula or acquire oil refineries.
Despite several ongoing lawsuits, in addition to representations before the Securities and Exchange Commission (CVM) and the Federal Court of Auditors (TCU) against the operation, Petrobras' board of directors announced the completion of the sale of the Shale Industrialization Unit ( SIX), located in São Mateus do Sul, Paraná (PR), for the Canadian company Forbes Resources Brazil Holding SA, linked to the Forbes & Manhattan (F&M) group. (F Brazil). Petrosix, a technology developed and patented by Petrobras, was also part of the deal. A Brazilian state-owned company was involved in controversies during the last week due to the payment of above-average dividends paid by companies on the Stock Exchange.
SIX was sold for US＄41,6 million, approximately R＄210 million at current exchange rate. The value is slightly higher than the profit recorded by SIX last year (about R＄ 200 million). In addition, the sale price is less than half of what SIX disbursed, in the agreement with the National Petroleum Agency (ANP), to settle debts related to the non-payment of royalties on shale mining activities during the period between 2002 and 2012 (R＄ 540 million).
Possibility of reversing the sale of SIX for causing damage to Petrobras shareholders
There are lawsuits and representations filed by the Single Federation of Oil Workers (FUP) and the National Association of Oil Workers Minority Shareholders of Petrobras (Anapetro), for several reasons: Petrobras did not carry out the compulsory environmental audit; the sales model is irregular, as SIX is not an exploration and production asset, but a concession, for this reason the sale is not in accordance with municipal decree number 9355; at TCU, due to problems with the buyer F&M; at the CVM, arguing that the unit is being sold for an amount below the market price, generating losses for Petrobras shareholders, among other ongoing actions, which may reverse the sale of SIX.
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“The sale of the Shale Industrialization Unit, in Paraná, to the Canadian company Forbes & Manhattan Resources Inc, is yet another crime committed against national heritage”, says the general coordinator of the FUP, Deyvid Bacelar.
The leader points out that the FUP and affiliated unions will continue to fight to reverse this privatization, “done in a hasty way, without transparency in the process of setting the sale price, with strong indications of irregularities and which will represent the construction of yet another private monopoly in the refining sector of the country.”
Along with the sale of SIX, there is also Petrosix, a technology developed by Petrobras to extract fuel oil from bituminous shale rocks, also called oil shale, from the Irati Formation, a Permian geological formation in the Paraná Basin (PR).
The main feature of this technology is its operational simplicity, in addition to being considered less aggressive to the environment. Petrosix is essential for the preservation of the Guarani Aquifer, which has an extension of 1,2 million km² and is considered the largest transboundary reservoir in South America, located between Brazil, Argentina, Paraguay and Uruguay.
Petrosix and Six: Production of oil and gas in general, in addition to the materials used by the industry in general
The unit produces fuel oil, naphtha, fuel gas, liquefied gas and sulfur, in addition to products that can be used in the asphalt, cement, agricultural and ceramics industries. In addition, SIX also works as an advanced research center in the field of refining, where several projects are developed in conjunction with the Petrobras Research Center (Cenpes) and universities.
SIX's technological park is the largest in Latin America and one of the largest in the world in terms of pilot plants, comprising 15 units created to meet the needs of various refining processes.
