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Petrobras has reportedly selected four groups of companies – which include China’s Sinopec, Abu Dhabi’s Mubadala Investment and two Brazilian firms – in the second round of bidding for four of its refineries.

As previously reported by Bunkerspot, Petrobras announced on 22 November that it had moved to the ‘binding phase’ for the sale of the refineries: Abreu e Lima (RNEST) in Pernambuco, Landulpho Alves (RLAM) in Bahia, Presidente Getúlio Vargas (REPAR) in Paraná and Alberto Pasqualini (REFAP) in Rio Grande do Sul.

According to an article published by Reuters, sources have said that Sinopec, Mubadala Investment and the Brazilian companies Ultrapar Participações SA (UGPA3.SA) and Raizen have been chosen to go through to the next phase.

The binding offers are expected to be delivered by mid-January, according to Reuters’ sources.

Collectively, these four refineries have a capacity of around 900,000 barrels a day (b/d) and represent more than a third of Brazil’s total refining capacity.

According to the Reuters sources, Ultrapar and Raízen may deliver bids for REFAP, REPAR, and RNEST.China’s Sinopec and Mubadala, meanwhile, reportedly plan to bid for RLAM.

As previously reported by Bunkerspot, a second block of four smaller refineries – which collectively have a capacity of around 200,000 b/d – is expected to be put up for sale next year.

AMERICAS: Petrobras starts ‘binding phase’ of refinery sales




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