Petrobras Rescinds Sale Contract for LUBNOR Refinery (PETR4; PETR3)

Written by Paulo Nogueira

Published on 27/11/2023 at 08:34

LUBNOR, localizada em Fortaleza, Ceará, possui capacidade de processamento autorizada de 8,2 mil barris/dia

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The Company LUBNOR, Located in Fortaleza, Ceará, Has Authorization to Process Up to 8,200 Barrels of Oil Per Day, Demonstrating Its Robustness and Relevance in the Oil and Gas Industry. Its Processing Capacity Represents an Important Milestone in the Sector, Significantly Contributing to the Production and Distribution of Fuels.

The Company Petrobras Reaffirms Its Commitment to Maintaining the Operations of LUBNOR, Ensuring the Reliability and Availability of Its Facilities, While Prioritizing Safety, Respect for the Environment, and the Integrity of People.

Located in Fortaleza, Ceará, LUBNOR Has Permission to Process 8,200 Barrels Per Day. In Addition, It Is One of the Leading Producers of Asphalt in Brazil and the Only Refining Unit in the Country to Manufacture Naphthenic Lubricants. This Is an Important Milestone, As Naphthenic Lubricants Have Special Properties That Make Them Particularly Suitable for Certain Types of Lubrication.

Petrobras Rescinds Sale Contract for the Refinery LUBNOR

The State-Owned Company Petrobras (PETR3; PETR4) Announced Today, September 27, That the Contract for the Sale of the Refinery of Lubricants and Derivatives of Oil from the Northeast (LUBNOR) and Its Associated Logistics Assets Has Been Rescinded.

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The Reason for the Cancellation Was the Failure to Meet Preceding Conditions Within the Established Deadline. According to Petrobras, Even with All the Efforts Made by the Company, the Transaction Was Not Completed. **This Decision Was Made Due to Non-Compliance with the Conditions Previously Established, Despite the Efforts Made by Petrobras to Finalize the Transaction**.

Source: InfoMoney

Petrobras Rescinds Sale Contract for LUBNOR Refinery (PETR4; PETR3)

Petrobras Rescinds Sale Contract for the Refinery LUBNOR

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Petrobras Rescinds Sale Contract for LUBNOR Refinery (PETR4; PETR3)

Petrobras Rescinds Sale Contract for the Refinery LUBNOR

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Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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