Petrobras has signed with the company Grepar Participações Ltda, a corporate vehicle jointly owned by the companies Grecor Investimentos em Participações Societárias Ltda, Greca Distribuidora de Asphalts Ltd and Holding GV Participações SA, contract for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste LUBNOR refinery and its associated logistics assets, located in the state of Ceará. The total value of the sale is USD 34 millionThe transaction is subject to the fulfillment of conditions precedent, such as approval by the Administrative Council for Economic Defense CADE. LUBNOR is the fourth asset to have the purchase and sale agreement signed within the scope of the commitment signed by Petrobras with CADE in June 2019 to open the refining market in Brazil. This operation is 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.LUBNOR, located in Fortaleza, Ceará, has an authorized processing capacity of 10,400 barrels/day, is one of the national leaders in asphalt production, and the only refining unit in the country to produce naphthenic lubricants.
Petrobras has signed with the company Grepar Participações Ltda, a corporate vehicle jointly owned by the companies Grecor Investimentos em Participações Societárias Ltda, Greca Distribuidora de Asphalts Ltd and Holding GV Participações SA, contract for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste LUBNOR refinery and its associated logistics assets, located in the state of Ceará. The total value of the sale is USD 34 millionThe transaction is subject to the fulfillment of conditions precedent, such as approval by the Administrative Council for Economic Defense CADE. LUBNOR is the fourth asset to have the purchase and sale agreement signed within the scope of the commitment signed by Petrobras with CADE in June 2019 to open the refining market in Brazil. This operation is 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.LUBNOR, located in Fortaleza, Ceará, has an authorized processing capacity of 10,400 barrels/day, is one of the national leaders in asphalt production, and the only refining unit in the country to produce naphthenic lubricants.
