Petrobras puts three refineries back on sale
The RNEST, Repar and Refap facilities are open for offers again, but the divestment programme’s future is in doubt
Brazilian NOC Petrobras is once again attempting to sell three more refineries and associated infrastructure, after the sales process stalled last year. The NOC “has restarted the process for the sale” of the 130,000bl/d Abreu e Lima refinery (RNEST) in Pernambuco, the 208,000bl/d Presidente Getulio Vargas refinery (Repar) in Parana and the identically sized Alberto Pasqualini (Refap) refinery in Rio Grande do Sul, as well as associated logistical infrastructure such as pipelines, terminals and storage capacity. Petrobras confirmed in August last year that “interested parties... formally declined to submit a binding proposal” for RNEST, ending that process. Repar received binding proposals,
Also in this section
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust