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CEO says more than 20 groups interested in buying refineries

August 16/2019

MOSCOW (MRC) -- More than 20 potential bidders are interested in the refineries that Brazils state-controlled oil company Petroleo Brasileiro SA plans to sell, the companys chief executive officer said, as per Hydrocarbonprocessing.

CEO Roberto Castello Branco said more than 20 groups are interested in the four refineries in a first phase of privatizations.

Two are in the northeastern states of Pernambuco and Bahia, and two are in the southern states of Parana and Rio Grande do Sul. Four more refineries will be put on the block in the second phase.

As MRC informed earlier, Brazils state-controlled oil company Petroleo Brasileiro SA said it has signed a deal with local antitrust regulator CADE regarding the proposed sale of some of its refining installations.

Headquartered in Rio de Janeiro, Petrobras is an integrated energy firm. Petrobras' activities include exploration, exploitation and production of oil from reservoir wells, shale and other rocks as well as refining, processing, trade and transport of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Petrobas.
Category:General News
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