Petrobras moves to sell refineries

Petrobras moves to sell refineries

M&A Economy & Policy Corporate & Sovereign Strategy Project & Infrastructure Finance Gas Energy Brazil

Brazil's Petrobras could cede control of four refineries but hold on to another nine facilities, the state-owned energy company said in a presentation. Petrobras said it is considering selling 60% stakes in two blocks of refineries in northeastern and southern Brazil. The northeastern block has two refineries and five terminals, while the southern block has two refineries and seven terminals. The company plans to maintain full ownership of nine refineries and 36 terminals. Petrobras will still

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