September 25, 2021

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Petrobras announces the sale of its refinery in the Amazon region for $ 189 million - El Periodico de la Energía

Petrobras announces the sale of its refinery in the Amazon region for $ 189 million – El Periodico de la Energía

Oil Company Petrobras announced that it had reached an agreement on sell to you by $189.5 million for the Brazilian group breathes that it Colander On the AmazonIt is the second of eight crude oil processing plants that the state company has included in its refining plan.

the filter Isaac Saba (Rayman), located in ManosThe capital of the state of Amazonas and the largest city in the Amazon region, it has a processing capacity of 46,000 barrels of oil per day.

The largest company in Brazil It stated in a statement that its assets, which include a storage terminal, were negotiated with the plant.

But he made it clear that the sale of the refinery will only be crowned with the approval of the regulatory authorities.

Petrobras indicated that once the process is complete, the refinery will continue to operate for a transitional period through a service provision contract, while the ATEM Group is building its operations and assembling its equipment, thus seeking to avoid any operational interruption.

The Riman refinery is the second refinery to be ceded by the oil company this year after the sale last March of the Landolfo Alves (RLAM) plant in Bahia to the investment fund Mubadala Capital, The United Arab Emiratesfor $1,650 million.

It is also the second of eight crude oil processing plants that Petrobras has included in the 2021-2025 Millionaire Refining Plan, which is responsible for half of the country’s refining capacity.

However, one of them may be excluded from this package, as the company reported, in another statement issued on Wednesday, that those interested in the sale of its Abreu e Lima (RNEST) refinery, located in the city of Recife, were refused work.

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Petrobras said it will analyze whether it keeps this refinery in its divestment plan or if it eventually gives up.

After the sale of the eight refineries, Petrobras will continue to be the largest refiner in the country, with a processing capacity of 1.15 million barrels of oil per day and a more efficient and sustainable fuel production approach.

The Strategic plan The divestitures seek to reset the company’s size and massive debts, and focus operations on more strategic and profitable activities, such as exploiting oil and gas in its vast pre-salt reserves, which is a promising prospect for exploitation. In the depths of the Atlantic Ocean.

Petrobras expects investments of $55,000 million over five years in pre-salt exploitation and the entry of 13 offshore exploitation platforms.

Similarly, it is estimated that the company’s production will jump from 2.75 million barrels per day of oil in 2021 to 3.3 million barrels per day in 2025.

With assets sold in the first quarter of this year alone, Petrobras generated $2.5 billion.


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