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Petrobras Announced Last Night (03) That It Completed Negotiations With Mubadala Group for the Sale of RLAM in Bahia

Written by Flavia Marinho
Published on 04/12/2020 at 08:39
Updated on 04/12/2020 at 13:17
Petrobras - Bahia - RLAM
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In This New Round, Petrobras Requested That All Participants Who Submitted Binding Proposals, Including The Mubadala Group, Submit Their Final Offers

Petrobras informed in a relevant fact last night that it has completed the negotiation phase with the Mubadala Group within the process for divestment of the Landulpho Alves Refinery (RLAM) in Bahia. As provided for in Petrobras’ Divestment System, the process is currently in the phase of a new round of binding proposals.

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In this new round, Petrobras requested that all participants who submitted binding proposals, including the Mubadala Group, submit their final offers based on the negotiated versions of the contracts with Mubadala.

The state-owned company expects to receive these offers in January 2021.

Regarding the Northeast Lubricants and Derivatives Refinery (LUBNOR) and the Shale Industrialization Unit (SIX), the company informs that it has also received proposals for both assets.

In this new round, Petrobras requested that all participants who submitted binding proposals, including the Mubadala Group, submit their final offers based on the negotiated versions of the contracts with Mubadala. Petrobras expects to receive these offers in January 2021.

Petrobras reaffirms its commitment to the wide transparency of its divestment projects and the management of its portfolio and clarifies that, despite this notice, there is no provision in the Divestment System for the disclosure of this stage and that subsequent stages will be disclosed to the market promptly in accordance with the company’s Divestment System.

Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of military, security, industry, oil and gas, energy, shipbuilding, geopolitics, jobs, and courses. Contact flaviacamil@gmail.com or WhatsApp +55 21 973996379 for corrections, editorial suggestions, job vacancy postings, or advertising proposals on our portal.

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