Petrobras Terminates Sale Agreement for LUBNOR Refinery.

Written by Paulo Nogueira

Published on 27/11/2023 at 08:28

Petrobras informa sobre rescisão de contrato de venda da refinaria LUBNOR Foto: Divulgação

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Sale of the LUBNOR Refinery by Petrobras is Rescinded Due to Non-Compliance with Precedent Conditions. Commitment to Operational Safety and the Environment Remains a Priority in Units in the Northeast.

Petrobras reaffirms its commitment to the continuous operation of the LUBNOR Refinery, ensuring the reliability and availability of its facilities while prioritizing safety and the preservation of the environment and people.

Details about the LUBNOR Refinery

The LUBNOR, located in Fortaleza, Ceará, has an authorized processing capacity of 8,200 barrels per day. Additionally, it is one of the main national producers of asphalt and the only refining unit in Brazil that manufactures naphthenic lubricants.

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Petrobras, following the announcements made on 06/22/2023 and 02/08/2023, announces that the agreement for the sale of the Lubricants and Oil Derivatives Refinery of the Northeast (LUBNOR) and its corresponding logistical assets has been canceled due to non-compliance with the prerequisites established in the contract by the stipulated deadline (11/25/2023), despite the efforts made by Petrobras to complete the transaction.

Source: Petrobras

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