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Refinery of Lubricants and Derivatives of Oil from the Northeast (LUBNOR) and Its Associated Logistics Assets Has Been Rescinded.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

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

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

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China is testing a train that will operate at 400 km/h in daily service, which is 80 km/h faster than the French TGV, and uses carbon fiber, magnesium alloys, and more than 4,000 sensors to become the fastest commercial train on the planet.

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