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Petrobras informs that it has received purchase proposals and wants to complete the sale of 8 refineries by March of next year

Written by Flavia Marinho
Published 03/12/2020 às 16:49
refineries - Petrobras

The director of Refining and Natural Gas at Petrobras, Anelise Lara stated that the state company will continue to be competitive in the refining market in the country after the sale of eight of its 13 refineries.

Petrobras announced today (03/12) in a material fact that it has received binding proposals for four refineries. The state-owned company informed that it will sell the refineries Landulpho Alves (RLAM), in Bahia, Isaac Sabbá Refinery (REMAN), in Amazonas, Lubricants and Petroleum Derivatives of the Northeast (LUBNOR), in Ceará, and the Shale Industrialization Unit (SIX) , in Paraná.

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This week, oil company executives stated that the perspective is to receive all the value expected by the refineries by the end of 2021. So far, the refinery with the most advanced sales process is the Landulpho Alves refinery (Rlam), in Bahia.

“We hope to have at least some of these divestments closed at the end of next year”, said the company's director of Refining and Natural Gas, Anelise Lara

The state-owned company is negotiating the sale of Rlam, in Bahia, with sovereign wealth fund Mubadala, from Abu Dhabi. The transaction is already in the process of internal approvals and should be closed by January.

On December 10, Petrobras expects to receive binding offers for the sale of the Alberto Pasqualini Refinery (Refap) in Rio Grande do Sul and the Presidente Getúlio Vargas Refinery (Repar) in Paraná. The Gabriel Passos Refinery (Regap) in Minas Gerais and the Abreu e Lima Refinery (Rnest) are expected to receive offers in the first quarter of 2021.

Lara also stated that Petrobras will continue to be competitive in the refining market in Country after the sale of eight of its 13 refineries.

“We will continue with 1,1 million barrels of oil being processed per day. We have already carried out several actions in energy efficiency, decarbonization, digital transformation and we have also developed more advanced products”, said Lara

Petrobras clarifies

Petrobras clarifies that the Divestment System only provides for the disclosure to the market of the following stages of the process: teaser, beginning of the non-binding phase, beginning of the binding phase, conclusion of an exclusivity agreement (when applicable), signing and closing.

Finally, Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and informs that the subsequent stages will be disclosed to the market in accordance with the company's Divestment System and with Decree 9188/2017 .

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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 industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact flaviacamil@gmail.com for suggestions, job openings or advertising on our website. Do not send your resume, we are not hiring!

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