Petrobras Downplays UFN-III Sale

(Energy Analytics Institute, 9.Sep.2022 — Brazil’s state owned Petrobras said rumors that it’s about to close the divestment process related to Nitrogen Fertilizer Unit III (UFN-III) with Yara Fertilizers were untrue.

“As disclosed to the market on 29 August 2022, the project is in the binding phase, and has not yet reached the stage of receiving bids,” Petrobras announced 9 September 2022 in an official statement.

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By Ian Silverman. © Energy Analytics Institute (EAI). All Rights Reserved.