Petrobras clarifies contracts with Unigel

Source: www.gulfoilandgas.com 1/13/2025, Location: South America

Petrobras, following up on communication of June 6, 2024, with the objective of reaching a definitive, profitable and viable solution for the supply of fertilizers to the Brazilian market, informs that, under a Confidentiality Agreement signed on 10/21/2024, it is still under analysis with Unigel in relation to the contracts associated with the fertilizer plants - FAFENs, signed with Proquigel, a subsidiary of Unigel.

As stated in the 2025-2029 Business Plan, activities are expected to resume in the Fertilizer segments, with the aim of capturing value with the production and sale of nitrogen products, reconciling with the oil and natural gas production chain and the energy transition.

Any decision regarding negotiations on contracts with Proquigel, when approved by the relevant Petrobras bodies, will be communicated to the market in due course.


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