Petrobras intends sell a 60% operating stake in four oil refineries, including the freshly built Refinaria do Nordeste, under its recently unveiled model for selling down its dominant position in Brazil’s fuels market, the company said Friday.
The company will divide the sales into two subsidiaries, one including assets from the Northeast region, and the other including assets from the South region.
The Northeastern subsidiary will comprise two refineries, namely Landulpho Alves (RLAM), in the state of Bahia, and Abreu e Lima (RNEST), in the state of Pernambuco, as well as the associated logistics assets (pipelines and terminals) operated by Transpetro: two marine terminals (Madre de Deus and Suape) and three inland terminals (Candeias, Itabuna and Jequié), two oil supply pipelines, one polyduct and 35 refined products pipelines connecting refineries to distribution terminals and distribution bases.
The Southern company will comprise two refineries, namely Alberto Pasqualini (REFAP), in the state of Rio Grande do Sul, and Presidente Getúlio Vargas (REPAR), in the state of Paraná, as well as the associated logistics assets (pipelines and terminals), operated by Transpetro: four marine terminals (Paranaguá, São Francisco do Sul, Tramandaí and Niterói) and three inland terminals (Guaramirim, Itajaí and Biguaçu), two oil supply pipelines, two polyducts and four refined oil pipelines connecting refineries to distribution terminals and distribution bases.
The potential sales represent what is expected to be the first wave in a broad restructuring of Brazil’s refining sector, where Petrobras currently operates about 98% of the country’s installed capacity to process 2.1 million barrels per day.
For more information, visit: www.petrobras.com.br
30th Apr 2018
