SALVADOR, BRAZIL (Pedro Silva, Energy Analytics Institute, 22.May.2025, Words: 171) — Petrobras signed an agreement with Unigel subsidiary Proquigel to resolve existing contractual disputes and litigation between the parties.
The agreement must still be ratified by the Arbitral Tribunal, which has already been requested by the parties, the state-owned company announced on 22 May 2025 in an official statement.
RELATED: Petrobras and Proquigel reach agreement to resolve existing contractual disputes
The agreement provides for the reinstatement of Petrobras’ possession of the fertilizer plants (FAFENs) in Bahia and Sergipe, and the resumption of operations by Petrobras through a bidding process for the contracting of operation and maintenance services, in compliance with applicable governance practices and internal procedures.
Petrobras, as disclosed in its 2025-2029 business plan, aims to resume activities in the fertilizer segment to create value through the production and commercialization of nitrogen-based products, while aligning with the oil and natural gas production chain and the energy transition.
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By Pedro Silva reporting from Salvador. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
