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Brazil: Petrobras refineries sale invites new buyers

 |  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.

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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