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Brazil: Petrobras refineries sale invites new buyers

By  |  August 27, 2019

Brazil’s planned privatization of eight Petroleo Brasileiro refineries has lured several of the world’s largest trading and oil companies as prospective bidders, Reuters reported.

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    Around 20 companies have signed non-disclosure agreements granting them access to the refineries’ data, signaling that they are considering a bid, the sources added, speaking on condition of anonymity to disclose private details of the sale.

    The first round of non-binding offers for four of the eight refineries Petrobras put on the block is due on October 11, the sources said. The eight refineries have a total capacity of 1.1 million barrels per day.

    Full Content: Reuters

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