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Petrobras Starts Sale Process for RNEST, RLAM, REPAR, and REFAP Refineries

Written by Paulo Nogueira
Published on 22/11/2019 at 11:34
Updated on 22/11/2019 at 12:33
Petrobras REFINARIA RNEST RLAM REPAR REFAP
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Binding Phase Begins for Petrobras Refineries in the State-Owned Company’s Divestment Plans

Petrobras, following the announcement made on August 30, 2019, informs the start of the binding phase regarding the first stage of asset sales in refining and associated logistics in the country, which includes the Abreu e Lima Refinery (RNEST) in Pernambuco, Landulpho Alves Refinery (RLAM) in Bahia, Presidente Getúlio Vargas Refinery (REPAR) in Paraná, and Alberto Pasqualini Refinery (REFAP) in Rio Grande do Sul along with their corresponding logistics assets.

Potential buyers classified for this phase will receive an invitation letter with detailed instructions regarding the divestment process, including guidelines for conducting due diligence and submitting binding proposals.

This market disclosure is in accordance with Petrobras’ divestment guidelines and the special divestment regime for assets by federal mixed-economy companies, as outlined in Decree 9.188/2017.

This operation aligns with the optimization of the portfolio and the improvement of the company’s capital allocation, aimed at generating value for our shareholders.

About Petrobras Refineries

RNEST is located in Pernambuco, has a processing capacity of 130,000 barrels/day (5% of Brazil’s total oil refining capacity), and has the potential to double its capacity with the entry of the second processing unit, potentially reaching 260,000 barrels/day. Its assets include a storage terminal and a pipeline system totaling 101 km.

RLAM is situated in the state of Bahia, has a processing capacity of 333,000 barrels/day (14% of Brazil’s total oil refining capacity), and its assets include four storage terminals and a pipeline system totaling 669 km.

REPAR is located in the state of Paraná, has a processing capacity of 208,000 barrels/day (9% of Brazil’s total oil refining capacity), and its assets include five storage terminals and a pipeline system totaling 476 km.

REFAP is situated in Rio Grande do Sul, has a processing capacity of 208,000 barrels/day (9% of Brazil’s total oil refining capacity), and its assets include two storage terminals and a pipeline system totaling 260 km.

Source: Petrobras Press Advisory

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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