Petrobras on the Sale of the REFAP Refinery

Source: www.gulfoilandgas.com 10/1/2021, Location: South America

Petrobras, following up on the release disclosed on 01/19/2021, informs that it has finalized without success the negotiations with Ultrapar Participações S.A. (Ultrapar) for the sale of Alberto Pasqualini Refinery (REFAP), in Rio Grande do Sul.

Despite the efforts made by both companies in this process, certain critical conditions were not met for an agreement and the decision was made to close the negotiations in progress, with no penalties for either party.

As a result, Petrobras will timely start a new competitive process for this refinery.

The competitive processes for the sale of the Gabriel Passos Refinery (REGAP), in Minas Gerais, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), in Ceará, and the Unidade de Industrialização do Xisto (SIX), in Paraná, are still underway aiming for the signing of the purchase and sale agreements. The Landulpho Alves (RLAM) and Isaac Sabbá (REMAN) refineries have already had their purchase and sale agreements signed.

Petrobras reinforces its commitment to comprehensive transparency of its divestment projects and portfolio management and informs that the subsequent stages of the projects in progress will be disclosed to the market.


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