Brazil's Petrobras to sell four refineries under antitrust
Brazil's Petrobras to sell four refineries under antitrust deal Major integrated oil companies, however, have been less enthusiastic, according to industry officials with knowledge of the sector. Brazil expects the refinery sales to increase competition and eventually lead to lower diesel and gasoline prices for consumers. Petrobras
Oil. Petrobras to sell eight Brazil refineries, help open market. Petrobras puts up eight refineries for sale Refinery CapacityRefinaria Landulpho Alves (RLAM)376,650 b/dRefinaria Presidente Getulio Vargas (REPAR)208,990 b/dRefinaria Alberto Pasqualini (REFAP)
Petrobras to sell Pasadena, Texas, refinery Reuters
Brazil's state-controlled oil company, Petróleo Brasileiro SA, said on Tuesday it had started taking steps to sell its refinery in Pasadena, Texas, an installation ensnared in Brazil's largest
Oil. Brazil's CADE suggests Petrobras sell refining assets, end monopoly. Oil Crude Oil. In April 2018, Petrobras finally announced a model for refinery sales. Petrobras said it planned to sell 60% operating stakes in four refineries representing about 25% of Brazil's installed processing capacity. Petrobras would maintain a 40% stake in
Brazil's Raízen buys Shell downstream assets
Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million (680.17 million pounds), according to a securities filing on Tuesday.
Chevron Corp completed a $350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil's national oil company, Petrobras, Chevron said in a statement.
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Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it had launched the binding phase for the sale of Gabriel Passos Refinery, known as REGAP, according to a securities filing.
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These tactics are a pernicious, growing presence in global oil shipping as countries like Venezuela, Iran, India, China, Russia, North Korea, and Syria adopt covert measures to sell or buy oil using “ghost ships” designed to go dark. Some, perhaps all, were factors in Brazil’s ongoing oil spill tragedy.
- What are the largest oil refineries in Brazil?
- The largest Oil refineries in Brazil is REPLAN Paulinia located in Paulinia and has a production capacity of 415 barrels per day of oil, RLAM with 280 BBL/D Production, and REVAP with 251 bbl/d of oil production and 13 largest companies listed below are owned by Petrobras.
- How does Brazil's oil & fuel sector perform?
- Brazil's oil and fuel sector faces enormous infrastructure boundaries that hinder operational performance. The country's pipeline networks are limited, which restricts the transportation of crude oil and refined merchandise from production web sites to refineries or export terminals.
- Who regulates the oil sector in Brazil?
- The Brazilian National Agency of Petroleum, Natural Gas and Biofuels is responsible for the regulation of the oil sector, The Oil Refineries managed by Private sectors most of the largest oil refineries in Brazil owned by Petrobras Company.
- What makes Brazil a great oil producer?
- Home to the prolific pre-salt basins, Brazil ranks some of the pinnacle oil producers worldwide. The industry blessings from authorities assist, global investments, and improvements in exploration technology. Petrobras, Brazil's state-managed strength business enterprise, leads the sector, along global oil giants.
- Why should you invest in Brazil's oil & gas market?
- The Brazil oil and gas market offers extensive possibilities due to its vast offshore reserves, especially in pre-salt oil fields, that are among the most important discoveries in recent many years.
- What type of fuel is used in Brazil?
- Fuel: The gasoline sector in Brazil more often than not revolves around oil, ethanol, and natural gas. The United States of America is one in all the biggest producers of ethanol from sugarcane, at the same time as additionally having vast oil reserves, particularly in offshore fields such as Pre-salt.
