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
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030