Petrobras, following up on the releases disclosed on 02/08/2021, 08/25/2021, and 10/01/2021, informs that today it has restarted the processes for the sale of Refinaria Abreu e Lima (RNEST), in Pernambuco, Refinaria Presidente Getúlio Vargas (REPAR), in Paraná, and Refinaria Alberto Pasqualini (REFAP), in Rio Grande do Sul, as well as the logistics assets integrated to these refineries.
The main subsequent steps of the sale processes of these three refineries will be informed to the market in due course.
Petrobras' refining divestment plan represents approximately 50% of the national refining capacity, totaling 1.1 million barrels per day of processed oil, and considers the full sale of the following assets: Abreu e Lima Refinery (RNEST), Shale Industrialization Unit (SIX), Landulpho Alves Refinery (RLAM), Gabriel Passos Refinery (REGAP), Presidente Getúlio Vargas Refinery (REPAR), Alberto Pasqualini Refinery (REFAP), Isaac Sabbá Refinery (REMAN) and Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), as well as the logistics assets integrated to these refineries.
The sale of these eight refineries is being conducted in accordance with Decree 9,188/2017 and the Petrobras Divestment Methodology, through independent competitive processes, which are at different stages, as widely disclosed by the company. The operations are in line with Resolution No. 9/2019 of the National Energy Policy Council, which established guidelines for the promotion of free competition in the refining activity in the country, and integrate the commitment signed by Petrobras with CADE in June 2019 for the opening of the refining sector in Brazil.
Petrobras concluded the sale of RLAM, on 11/30/2021, and the REMAN, LUBNOR, and SIX refineries have already had their purchase and sale contracts signed and are awaiting the fulfillment of the preceding conditions, among them, obtaining regulatory approvals, to be concluded. REGAP, on the other hand, is in the binding phase.
The refining divestments are aligned to the company's portfolio management strategy and to the improvement in the allocation of the company's capital, aiming at the maximization of value and greater return to society.
About Petrobras
Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.
We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.