Three Brazilian And Foreign Companies Are Targeting Petrobras’ Refinery In The State Of Paraná (Repar)

The Indian Group Essar, Ultra Group, and Sinopec Are Eyeing Petrobras’ Refinery in Paraná and Monitoring the Supreme Court’s Ruling on the Request to Suspend the Sale of the State-Owned Refining Units

Three major companies, both Brazilian and foreign, are competing to purchase the Presidente Getúlio Vargas Refinery (Repar) from Petrobras in Paraná: the Indian conglomerate Essar, Ultra Group, and the Chinese multinational Sinopec. Petrobras has opened a new round of negotiations with the parties involved to receive new proposals. Petrobras Announces Sale of the Araucária Nitrogen Fertilizer Unit (ANSA) in Paraná State.

Read Other News

• Petrobras Modernizes in the Refining and Natural Gas Market by Investing in Technology for Its Low-Carbon Transition with the Biorefino 2030 and Gas+ Programs
• What Are the Advantages of Technology in the Construction Sector
• FPSO Anna Nery, Which Will Operate in the Marlim Field for Petrobras, Will Have Financing of US$ 400 Million

The companies are closely watching the Supreme Federal Court’s plenary session regarding the judgment of a preliminary injunction requested in July by Congress to prevent Petrobras from selling its refineries, with the petition citing the refineries in Bahia (RLAM) and Paraná (Repar). The developments in the case are expected to extend until September 25.

Petrobras defends its position by stating that the sale of its refineries is supported by the imposition of the Administrative Council for Economic Defense (Cade). At the end of July, the Federal Court of Accounts (TCU) issued a favorable opinion for the continuation of the sale process of Petrobras’ refineries.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

The Indian group Essar, which has exploration operations in India and fuel refining and distribution in the United Kingdom, is a candidate to purchase the refinery in Paraná, as well as Ultra Group, a Brazilian company that operates in the fuel distribution sector controlled by Ipiranga and Raízen (from Shell and Cosan), and the Chinese multinational Sinopec.

Sale of Petrobras’ Refineries

The state-owned company continues with its divestment program in Brazil. The expectation is that eight Petrobras refineries will be sold by next year, according to the agreement with Cade. Together, the units have a daily processing capacity of 1.1 million barrels of oil, about 50% of the country’s refining capacity.

Petrobras also has several assets for sale, such as oil and gas fields, gas pipelines, thermoelectric plants, and gas distributors. Additionally, the oil company has already expressed its interest in disengaging from onshore oil and shallow-water exploration and production.