Petrobras on Divestment of Refining and Logistics Assets

(Petrobras, 19.Aug.2022) — Petrobras, following up on the releases disclosed on 27 June 2022 and 15 July 2022, informs the beginning of the non-binding phase in the processes of sale of assets in refining and associated logistics in the country, which includes the refineries Abreu e Lima (RNEST) in Pernambuco, Presidente Getúlio Vargas (REPAR) in Paraná, and Alberto Pasqualini (REFAP) in Rio Grande do Sul.

Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the assets in question, as well as instructions on the divestment process, including guidelines for preparing and submitting non-binding proposals.

This disclosure complies with Petrobras’ divestment guidelines and the special regime of asset divestment by federal mixed capital companies, provided for in Decree 9,188/2017.

This operation is in line with the company’s strategy of portfolio optimization and capital allocation improvement, aiming at value maximization and higher return to society.