Petrobras On RLAM And REPAR Divestments

(Petrobras, 8.Feb.2021) — Petrobras concluded the final round of the binding phase of the sale process of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in Bahia, in which Mubadala Capital presented the best final offer in an amount of $1.65bn. The signing of the purchase and sale agreement is still subject to the approval of the relevant corporate bodies. 

Petrobras also informs that it has received binding proposals for the sale of the Presidente Getúlio Vargas Refinery (REPAR), in Paraná, but decided to close the process, since the conditions of the presented proposals fell short of Petrobras’ economic-financial evaluation. Thus, the company will start a new competitive process for this refinery in due time. 

The competitive processes for the sale of the Alberto Pasqualini Refinery (REFAP), in Rio Grande do Sul, Isaac Sabbá Refinery (REMAN), in Amazonas, Abreu e Lima Refinery (RNEST), in Pernambuco, Gabriel Passos Refinery (REGAP), in Minas Gerais, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), in Ceará, and Unidade de Industrialização do Xisto (SIX), in Paraná, are still in progress aiming at the signing of the purchase and sale agreements.