June 29, 2022 |
Brazil's state-run oil company Petrobras has renewed plans to sell refineries, looking to offload about half of the country's refining capacity of 1.1 million barrels per day, it said in a securities filing on Monday.
"This is the only way to have a competitive market and make sure that Petrobras does not manipulate prices," David Zylbersztajn, former director of petroleum regulator ANP, told LatinFinance. "There is capital available around the world," he said, despite market volatility and fear
Brazil's state-run oil company looks to offload half of the country's refining capacity, but its plans are met with skepticism