Petrobras Refineries Show Decline in Global Oil Processing Load in Recent Days

According to data from the MME, the utilization rate of Petrobras refineries has decreased from 82% to 78.7%, a figure recorded last Sunday (30)

At the beginning of the Covid-19 pandemic, the utilization rate of Petrobras refineries had fallen to below 55%, but the situation has been improving month by month and, on August 24, it recorded 82% of crude oil refining capacity. However, this figure dropped to 78.7% on Sunday (30), according to data from the Ministry of Mines and Energy (MME).

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According to the MME, despite these records, the processing load values of oil in the refineries are at high levels compared to the figures obtained before the pandemic. Overall, Petrobras accounts for 99% of the country’s crude oil refining capacity.

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Additionally, the Covid-19 monitoring report also includes the situation of coronavirus transmission among workers at Petrobras and Eletrobras. According to the document, among the 46.4 thousand Petrobras workers, six are in the hospital and three have died due to Covid-19. Eletrobras has reported nine deaths among its 10.8 thousand employees.

Petrobras Refinery Sale Process Receives Favorable Opinion from the Court of Accounts of the Union (TCU)

Even with the continuation of the sale of Petrobras oil refineries facing resistance in the Chamber and the Federal Senate, the Court of Accounts of the Union (TCU) stated that it is favorable to the decision to sell the state-owned company’s refining assets.

The Chamber of Deputies and the Senate requested from the STF, at the beginning of this month, a preliminary injunction to prevent Petrobras from selling its refineries in Bahia (Rlam) and Paraná (Repar), arguing that the transaction would go against a previous decision by the court in 2019.

According to the TCU’s advisory, “this ruling is the final decision of the TCU Plenary… The case files have been archived. There are no further measures regarding this specific process.” Learn more here.