Home NewsCommodities News Brazil’s Lula advised to buy back Petrobras refineries

Brazil’s Lula advised to buy back Petrobras refineries

by WOOWinvest
0 comment
Brazil’s Lula advised to buy back Petrobras refineries



© Reuters. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes

(Reuters) – An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras’ refining capacity, including the reversal of refinery privatizations, one of the study’s authors told Reuters.

The study also proposes new investments and the resumption of refinery projects abandoned by Petrobras after the state-run oil company decided to focus on production from the pre-salt fields as it recovered from the Car Wash corruption scandal.

Among the proposals is the possibility of Petrobras regaining ownership of the Bahia refinery, the largest refining asset sold in 2021 by the company, now owned by Acelen of the Mubadala group, said William Nozaki, on the Workers Party team advising Lula on Petrobras affairs.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy