Brazil's Petrobras Seeks to Divest Ahead of Presidential Elections

July 22, 2022--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petrobras (NYSE:PBR) Rio de Janeiro, Brazil) has revived the potential sale of its refineries months before the next presidential elections.

The company has publicized the divestment of the 230,000 barrel-per-day (BBL/d) Refineria Abreu e Lima (RNEST), the 207,000-BBL/d Refineria Presidente Getulio Vargas (REPAR) and the 201,000-BBL/d bpd Refineria Alberto Pasqualini (REFAP) in its latest efforts to sell more downstream units after a successful first phase.