Petrobras President Says That Even With Delays, The Oil Company Will Complete Sale Of The Remaining 08 Refineries

Written by Valdemar Medeiros

Published on 02/12/2020 at 12:41

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Petrobras States That the Sale of the Remaining 08 Refineries Will Happen Before the End of the Year and That the Oil Company Is Committed to This.

Roberto Castello Branco – The Current President of Petrobras Stated in a Recent Interview on 11/30 That Even Amid Delays, the Oil Company Aims to Finalize the Sale of the Remaining Refineries.

Some Refineries Are Already Advanced

The President of Petrobras Has Already Confirmed That Six of the Eight Refineries Currently up for Sale by the Oil Company Are in a More Advanced State. The Remaining Two Refineries Should Be Sold in the First Half of 2021.

“We Have Received Several Proposals for Repar (PR) and Refap (RS) on December 10, At This Point We Can Affirm That Six of Petrobras’ Eight Refineries Are Already Secured for Sale and the Other Two That Remain Will Receive Binding Offers Early Next Year”, Declared the President of the Oil Company – Castello Branco.

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Petrobras May Increase Crude Oil Exports After Selling the Refineries

The Logistics Director of Petrobras Stated That After the Sale of the Oil Company’s Refineries is Completed, the Amount of Exported Oil Could Be Doubled. “It Doesn’t Make Economic Sense to Import Oil, but We Can Also Increase Exports”, Said Chiarini.

Petrobras Says Major Divestitures Are Coming to an End

Petrobras Is in Advanced Stages of Several Important Divestitures, Executives Said on Thursday, Indicating That the Company’s Ambitious Deleveraging Program May Accelerate After a Pause During the Worst Coronavirus Outbreak in Brazil.

In Statements to Analysts Following the Company’s Third Quarter Results, Executives from Petrobras, as the State-Owned Company is Formally Known, Said They Expect to Finalize Negotiations to Sell Their RLAM Refinery by Year-End and Have Recently Received Binding Offers for Their REMAN Refinery in the Amazon City of Manaus.

Petrobras President Says That Even With Delays, The Oil Company Will Complete Sale Of The Remaining 08 Refineries

Petrobras States That the Sale of the Remaining 08 Refineries Will Happen Before the End of the Year and That the Oil Company Is Committed to This.

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Petrobras May Increase Crude Oil Exports After Selling the Refineries

Petrobras Says Major Divestitures Are Coming to an End

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Petrobras President Says That Even With Delays, The Oil Company Will Complete Sale Of The Remaining 08 Refineries

Petrobras States That the Sale of the Remaining 08 Refineries Will Happen Before the End of the Year and That the Oil Company Is Committed to This.

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Archaeologists have discovered a colossal submerged wall in the Atlantic, dating back 7,000 years and weighing 3,300 tons, regarded as the largest prehistoric submerged structure ever found in France.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Factory 52, in the USA, cost over $5 billion, covers 270,000 square meters, and manufactures cutting-edge chips: it was named Project of the Year by the world’s largest engineering magazine, marking the global race for semiconductors.

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