Transfer Of Pasadena From Petrobras To Chevron Was Halted This Monday 01-04

Sources in Houston Report That Chevron Did Not Take Over the Refinery on Monday (04/01) As Expected and Transfer with Petrobras Was Interrupted

The much-anticipated transfer of Pasadena Refining System Inc, PRSI, from Petrobras to Chevron was interrupted last Monday (04/01).
One day earlier, units in the refinery area in Houston were shut down, and it was expected that Chevron would take control, which did not happen.

What was noticed differently at the refinery was that the flags of Brazil and Petrobras were removed from the masts in front of the Pasadena refinery, a position they had occupied since 2012 when the state-owned company acquired the unit.
Another detail that was also noticed was that a Petrobras sign in front of Pasadena Refining System Inc (PRSI) was covered.

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What the Parties Involved Are Saying

Chevron spokesperson Braden Reddall said on Tuesday (04/02) that the company expects the transition process of PSRI to be completed by June.
Petrobras has not yet commented on the incident, although there are indications that it is leaving the site.

On Sunday, the refinery informed the Texas Commission on Environmental Quality (TCEQ) that the electrostatic precipitator (ESP) and the fluid catalytic cracking unit (FCCU) at the refinery were closed for maintenance.
The 100,000 bpd distillation unit of the refinery and a 23,000 bpd catalytic reformer were also shut down on Sunday, according to energy industry intelligence service Genscape.

Recalling the Case

The Pasadena refinery, in the United States, was the target of the Lava Jato operation, which pointed to indications of corruption in its acquisition by Petrobras.
The Brazilian state-owned company paid a total of 1.2 billion dollars for the unit in installments until it fully assumed control in 2012.

Chevron sees the acquisition of the refinery as a great opportunity, as it intends to process the oil produced by the company in Texas. It will be the second Gulf Coast refinery owned by the oil company.

At the end of January, Chevron Completed the Purchase of the Refinery from Petrobras for US $ 562 Million and the proof of the importance of PSRI for Chevron is the fact that it is acquiring a terminal and land around the refinery, in addition to a trading company belonging to PRSI.

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