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This Is What Senator Omar Aziz Announced This Week to Congress After Sources Indicate There Was Fraud in the Sale of a Petrobras Oil Refinery (PETR4.SA) to Mubadala Capital, Based in the United Arab Emirates.
The RLAM refinery in Bahia was sold to Mubadala’s Acelen unit in 2021 for US$ 1.8 billion, along with its logistics assets. The senator stated that his committee first formally requested from Petrobras, officially known as Petróleo Brasileiro SA, documentation regarding the agreement’s price for the refinery.
On Wednesday, the Brazilian Oil Workers’ Union, FUP, stated that it requested the Public Prosecutor’s Office to investigate any connection between the refinery sale and the alleged attempt by Bolsonaro to bring jewelry gifts worth US$ 3.2 million into the country in 2021, but did not do so. Officials confiscated jewelry found in a government aide’s backpack.
The gift from the king of Saudi Arabia to Bolsonaro and his wife, Michelle Bolsonaro, did not come from the United Arab Emirates, but the unions pointed out the geographical proximity of the two countries, the former president said in a recent interview. The Institute of Oil, Gas and Biofuels Strategies (Ineep) estimated that the refinery is worth between US$ 3 billion and US$ 4 billion, about double the price for which it was sold, FUP added.
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