LatinNews Daily - 09 February 2021

In brief: Brazil’s Petrobras sells a refinery

* Brazil’s state-owned oil company Petrobras has concluded the sale of the Landulpho Alves refinery (RLAM) and its associated assets in the north-eastern state of Bahia. Mubadala Capital, an Emirati investment fund, presented the winning offer for US$1.65bn. The signing of the contract is subject to approval from relevant regulatory bodies. As part of its divestment programme and efforts to focus on competitive assets, Petrobras is seeking to sell refineries in the states of Rio Grande do Sul, Amazonas, Pernambuco, Minas Gerais, and Paraná, as well as a lubricant and oil derivatives plant in Ceará and a shale industrialisation unit in Paraná.

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