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Brazil's Petrobras expects 4 more refinery bids by Q1 2021

Reuters
·1 min read

RIO DE JANEIRO, Dec 3 (Reuters) - Brazil's state-run oil firm Petróleo Brasileiro S.A. said in a Thursday filing it had received binding proposals for four of its refineries, and expects to receive two more later this month, with another couple of bids seen in the first quarter of 2021.

Petrobras, as it is known, said it has already received offers for the Landulpho Alves refinery (RLAM), the Isaac Sabbá refinery, Lubrificantes e Derivados de Petróleo do Nordeste refinery, and the Unidade de Industrialização do Xisto refinery. It expects to receive offers for the Presidente Getúlio Vargas and Alberto Pasqualini refineries on Dec. 10.

It should receive offers for the Abreu e Lima (RNEST) and Gabriel Passos refineries in the first three months of next year, it added. (Reporting by Gabriel Stargardter; editing by David Evans)