Petrobras, following up on the release issued on April 26, 2019, announces the beginning of the opportunity disclosure stage (teaser) related to the sale of refining and associated logistics assets in Brazil.
The divestments account for about 50% of the national refining capacity, with a total of 1.1 million barrels of processed oil per day, and include the sale of the following assets: Abreu e Lima Refinery (RNEST), Shale Industrialization Unit (SIX), Landulpho Alves Refinery (RLAM), Gabriel Passos Refinery (REGAP), Presidente Getúlio Vargas Refinery (REPAR), Alberto Pasqualini Refinery (REFAP), Isaac Sabbá Refinery (REMAN) and Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), as well as the logistics assets integrated to these refineries.
The sale of these eight refineries will be carried out pursuant to the Petrobras' divestment methodology, through independent competitive processes, which will take place in two phases.
The first phase, of which the opportunity disclosure stage begins today, includes the following refineries: RNEST in Pernambuco, RLAM in Bahia, REPAR in Paraná, and REFAP in Rio Grande do Sul, as well as their corresponding logistics assets. Teasers of this phase, which include key information about the assets and eligibility criteria for the selection of potential participants, are available on the Petrobras website: http://www.petrobras.com.br/ri.
Teasers of the second phase, comprising REGAP, REMAN, SIX and LUBNOR refineries and their corresponding logistics assets, will be released later this year.
The following key phases of the project will be timely informed to the market.
Downstream divestments are aligned with the company’s portfolio optimization and capital allocation improvement, aiming to maximize value for our shareholders.