1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Petrobras
  6. News
  7. Summary
    PETR4   BRPETRACNPR6

PETROBRAS

(PETR4)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  01:07 2022-08-09 pm EDT
37.25 BRL   +1.69%
10:16aPETROBRAS : on EIG Energy´s lawsuit August 09. 2022
PU
08/08FACTBOX : Government measures to ease inflation pain
RE
08/08PETROBRAS : signs new addendum with YPFB - Form 6-K
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Petrobras : releases teasers for the sale of assets in refining and logistics in the country - Form 6-K

06/28/2022 | 06:11am EDT

Petrobras releases teasers for the sale of assets in refining and logistics in the country

-

Rio de Janeiro, June 27, 2022 - Petróleo Brasileiro S.A. - 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 teasers, which contain key information about the assets and the eligibility criteria for the selection of potential participants, are available on Petrobras' website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers.

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.

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website is not and shall not be deemed part of this report on Form 6-K.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investor Relations

e-mail: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares, 28 - 19th floor - 20031-030 - Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.

Disclaimer

PETROBRAS - Petróleo Brasileiro SA published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 10:10:09 UTC.


© Publicnow 2022
All news about PETROBRAS
10:16aPETROBRAS : on EIG Energy´s lawsuit August 09. 2022
PU
08/08FACTBOX : Government measures to ease inflation pain
RE
08/08PETROBRAS : signs new addendum with YPFB - Form 6-K
PU
08/08PETROBRAS : concludes the sale of onshore fields in Ceará - Form 6-K
PU
08/05Brazil's Eletrobras brings back former CEO Ferreira, elects new chairman
RE
08/05PETROBRAS : concludes the sale of onshore fields in Ceará August 05, 2022
PU
08/05PETROBRAS : signs new addendum with YPFB August 05, 2022
PU
08/05Brazil's Lula advised to buy back Petrobras refineries - study author
RE
08/05Brazil's Lula advised to buy back Petrobras refineries - source
RE
08/05PETROBRAS : on nomination of candidates for the EGM - Form 6-K
PU
More news
Analyst Recommendations on PETROBRAS
More recommendations
Financials
Sales 2022 633 B 124 B 124 B
Net income 2022 170 B 33 258 M 33 258 M
Net Debt 2022 233 B 45 397 M 45 397 M
P/E ratio 2022 2,76x
Yield 2022 41,6%
Capitalization 498 B 97 218 M 97 218 M
EV / Sales 2022 1,15x
EV / Sales 2023 1,39x
Nbr of Employees 45 532
Free-Float 64,4%
Chart PETROBRAS
Duration : Period :
Petrobras Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETROBRAS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 36,63 BRL
Average target price 41,55 BRL
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Caio Mario Paes de Andrade Chief Executive Officer & Director
Fernando Assumpção Borges President
Rodrigo Araujo Alves Chief Financial Officer
Gileno Gurjo Barreto Chairman & Executive Director-Exploration
Marcelo da Silva Carreras Head-IT & Telecommunications
Sector and Competitors
1st jan.Capi. (M$)
PETROBRAS22.57%97 218
SAUDI ARABIAN OIL COMPANY20.75%2 299 248
SHELL PLC33.28%191 731
PETROCHINA COMPANY LIMITED-1.15%130 579
TOTALENERGIES SE11.63%130 480
EQUINOR ASA49.45%116 118