The conclusion of the sale of the first four Petrobras refineries: Repar, RLAM, Refap and the Abreu e Lima Refinery, RNEST, in Pernambuco, should take place in March.

The sale of the first group of Petrobras refineries is scheduled for 2020, stated last week the president of the state-owned company, Roberto Castello Branco. More than 20 companies showed interest in buying these assets, which were announced in June of this year, where the initial forecast was the sale of the first unit by the end of 2019. Brazil attracts 93% of global income from oil rounds.

The highlight of the set of refineries is Presidente Getúlio Vargas, from Paraná, Repar, in Araucária, in the Metropolitan Region of Curitiba.

The refinery is located 1:30 am from the Port of Paranaguá and less than 3 hours from the Port of Itajaí, two of the main ones in the country, the unit is considered the most strategic of the entire set of eight units that will be privatized.

fix is among the four of the initial batch for sale. The Paraná refinery stands out even among refineries even closer to ports, such as Landulpho Alves (RLAM), in Bahia, which is an hour from the Port of Salvador.

The Presidente Getúlio Vargas refinery (Repar) has a processing capacity of 33 m³ of oil per day, accounting for approximately 12% of the national production of oil derivatives.

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It also sends 85% of its products to Paraná, Santa Catarina, southern São Paulo and Mato Grosso do Sul. The surplus of the total production is sent to other regions of the country or exported.

The package put up for sale with the Alberto Pasqualini refinery (REFAP) in Greater Curitiba, includes five storage terminals installed in strategic cities, such as Paranaguá and Itajaí, placing Repar as a highlight of heavy buyers.

Petrobras does not comment on the sale process at this stage of negotiations, but, according to information, Ultra (from the Ipiranga stations) and Raízen (Shell's parent company) were interested.

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In addition to other groups that intend to enter the dispute, such as PetroChina and Sinopec (both Chinese), Valero and CVR Energy (Americans), Mubadala (Abu Dhabi) and Trafigura (Netherlands).

PetroChina is the oil company with the highest market value in the world. The Arab group Mudadala, in turn, is a fund that manages approximately US$225 billion.

At this stage, companies are not yet required to sign their official purchase proposals. It is estimated that this process will take place in the first months of 2020.