There are 5 interested in buying Petrobras refineries, informs state

The new Petrobras president's plan to accelerate the sale of its refineries was successful and more companies may enter the dispute in the coming days

The sale of Petrobras refineries was resumed with full force and speed, in an official statement from the state-owned company today (18), causing frustration in entities and union members who had hope in the new president of the company, Ivan Monteiro, who took over after resigning former president, Pedro Parente, when he suffered pressure triggered by the walkers' strike. New mobilizations of unions are taking place at this moment in order to decide what to do about this issue.

On the Petrobras website, in the official statement, there is a written excerpt: "Petrobrás, in continuity with the announcements released on 27/04/2018 and 23/05/2018 referring to the processes of partnerships in refining, informs that, in response to a request from interested in refining partnerships, extended the deadline for signing confidentiality agreements and other documents provided for in the disclosure of the opportunity to 02/07/2018.” in easy words, the sale of the Petrobras refineries could be carried out anonymously, without anyone knowing the companies in the dispute and the date of the sales.

Until now, 5 companies have already stated contractual terms regarding the confidentiality of sales bids today(18), but as other companies have expressed interest in participating in the auctions, Petrobras ended up extending the deadline until July 2nd. In this way, there will be more competitiveness and better chances of doing business.

Refineries that will be sold

Northeast ⇒ The Northeast subsidiary will comprise the Landulpho Alves (RLAM) refineries, in Bahia, and Abreu e Lima (RNEST), in Pernambuco, as well as the logistics assets (pipes and terminals) operated by Transpetro and integrated to these refineries: 2 waterway terminals (Madre de Deus and Suape) and 3 land terminals (Candeias, Itabuna and Jequié), 2 oil supply pipelines, 1 multi-duct and 35 derivatives pipelines connecting the refineries to the bases and distribution terminals.

South ⇒ The Southern subsidiary will comprise the Alberto Pasqualini (REFAP) refineries, in Rio Grande do Sul, and Presidente Getúlio Vargas (REPAR), in Paraná, as well as the logistics assets (pipes and terminals) operated by Transpetro and integrated to these refineries: 4 waterway terminals (Paranaguá, São Francisco do Sul, Tramandaí, Niterói) and 3 land terminals (Guaramirim, Itajaí and Biguaçu), 2 oil supply pipelines, 2 polyducts and 4 oil product pipelines connecting refineries to distribution bases and terminals .

According to the press office of the state-owned company, the sale of the Petrobras refineries is part of the company's divestment plan, with the aim of strengthening the company and strategically repositioning it in the refining market. This would only be possible through partnerships with companies in the refining, logistics and transport segments. With these new measures, Petrobras will hand over 25% of its refining capacity to the private sector, which naturally must be foreign companies.