Petrobras signed a US$189.5 million agreement with Brazilian fuel distributor Atem on Wednesday 25 for the sale of the Isaac Sabbá (Reman) refinery and its associated logistical assets in Amazonas. Petrobras received 28.4 million dollars, and the remainder will be paid at closing, subject to adjustments and regulatory approval by the Administrative Council for Economic Defense (Cade). The deal is part of a plan of the oil company that aims to sell all its refineries outside the states of Rio de Janeiro and São Paulo, according to a commitment signed by the state-owned company with Cade in June 2019. Petrobras said it will continue to support the operations for an undisclosed period under a transition contract. Located in Manaus (AM), Reman has a capacity of 46 thousand barrels per day, its assets include a storage terminal.
Source: Reuters (*Translated by Ia Niani)