Related Articles
Petrobras headquarters in Rio de Janeiro, Brazil
Forward article link
Share PDF with colleagues

Petrobras refinery sales stutter

Pledge to divest half of the company’s refining capacity by year-end is starting to look doubtful

Brazilian state oil company Petrobras has terminated the sale of its Alberto Pasqualini (Refap) refinery, in the state of Rio Grande do Sul, after negotiations with fuel distribution conglomerate Ultrapar broke down. The refinery sale is the third downstream deal to fall through since the NOC pledged to offload half of its refinery capacity in 2019. The divestment process for the 208,000bl/d Presidente Getulio Vargas (Repar) refinery fell apart after bidding fell short of the asking price. In Amazonas state, the smaller Abreu e Lima (RNEST) refinery failed to attract significant bidders, forcing Petrobras to restart the sales process on both facilities. Collapsed talks leave Petrobras hav



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Social licence needed in a decarbonising world
28 January 2022
Oil and gas producers can become part of the solution. But only if they can maintain, or regain, public trust
IEA calls for Canadian emissions reduction action
28 January 2022
The country’s oil and gas sector is a culprit in disappointing delivery despite good policymaking
Letter from Europe: Weaponised interdependence?
27 January 2022
Mounting fear of an invasion of Ukraine has put Europe’s uneasy relationship with its biggest gas supplier back into the spotlight
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video