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Ultrapar is in negotiation with Petrobras for the purchase of the Refap refinery and leaves the way open for its competitor Raízen to buy Repar
Raízen, the giant ethanol producer in Brazil and the owner of the Ipiranga – Ultra stations, were in the running for the Presidente Getúlio Vargas (Repar) refineries, in Paraná, and Alberto Pasqualini (Refap), in Rio Grande do Sul, put up for sale by Petrobras. Manaus hospitals receive ventilators developed by USP with a millionaire contribution from Petrobras and IBP
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On the last day 19, Petrobras informed that it is in the negotiation phase with Ultrapar. Negotiations between Petrobras and the Ultra Group, which already has operations in the region, for the purchase of Refap are estimated at between US$ 1,2 billion and US$ 1,4 billion.
If the purchase goes through, antitrust contractual laws prohibit the company from acquiring Repar, since both refineries are in the same region, this situation paves the way for its competitor Raízen, from the Cosan Group, to lead the dispute for the acquisition of one of the best refineries that Petrobras put up for sale, the Presidente Getúlio Vargas (Repar) unit, close to Repar, in Paraná.
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Raízen is a union of the Brazilian Cosan – strong in ethanol production – with the Anglo-Dutch Shell – owner of one of the best-known flags of gas stations in Brazil. It already works with refining in industries in Argentina.
Repar and Refap are the first refineries in the list of eight of the 13 that Petrobras decided to sell as part of a divestment plan announced last year.
[quads id = 2]In addition to the refinery itself, Repar's sale involves 476 kilometers of pipelines and 5 storage terminals. The refinery is capable of producing 208 barrels per day (approximately 9% of Brazil's refining capacity), and is easily distributed to other regions of the country. In addition, Repar owns 12% of the production of petroleum derivatives in Brazil – diesel, gasoline, LPG, aviation kerosene, for example.
Other refineries for sale by Petrobras
According to the state-owned company, the company is awaiting the final offers from all participants in the sale process of the Landulpho Alves Refinery (RLAM), in Bahia, based on the negotiated versions of the contracts with the Mubadala Investment Company.
Petrobras also received binding proposals and is negotiating the sale of Isaac Sabbá Refinery (REMAN), in the Amazon; Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), in Ceará; and the Shale Industrialization Unit (SIX), in Paraná.
Petrobras also hopes to receive binding proposals for the sale of the Abreu e Lima Refinery (RNEST), in Pernambuco, and the Gabriel Passos Refinery (REGAP), in Minas Gerais, in the first quarter of this year.
