Petrobras announces extension of deadline for expression of interest in refining and logistics asset sale processes

Aug 30, 2019

Petrobras, in continuation of the announcements released on June 28 and July 15, 2019, referring to the first phase of the refining and associated logistics assets sale processes in the country, which includes refineries Abreu e Lima (RNEST), Landulpho Alves (RLAM), President Getúlio Vargas (REPAR) and Alberto Pasqualini (REFAP) and their corresponding logistics assets, informs that, in view of the market interest, it has extended the notification period to participate in such proceedings to Sept 16, 2019, as provided in the Teasers.

The deadline for signing the Confidentiality Agreement and other documents provided for in the Teasers remains Sept 27, 2019.

Adjusted Teasers are available on the Petrobras website: http://www.petrobras.com.br/ri.

Subsequent steps of such processes will be informed to the market in due course.

This operation is in line with portfolio optimization and the improvement of the company’s capital allocation, aiming at generating value for our shareholders.

About the refineries

RNEST is located in Pernambuco, has a processing capacity of 130 thousand barrels / day (5% of the total oil refining capacity in Brazil) and the potential to double its capacity with the entrance of the 2nd processing train, reaching 260 thousand barrels. /day. Its assets include a storage terminal and a set of pipelines totaling 101km.

REFAP is located in Rio Grande do Sul, has a processing capacity of 208,000 barrels per day (9% of Brazil’s total oil refining capacity), and its assets include two storage terminals and a set of pipelines totaling 260 km. .

REPAR is located in the state of Paraná, has a processing capacity of 208,000 barrels per day (9% of Brazil’s total oil refining capacity), and its assets include five storage terminals and a set of pipelines totaling 476 km.

RLAM is located in the state of Bahia, has a processing capacity of 333,000 barrels / day (14% of Brazil’s total oil refining capacity), and its assets include four storage terminals and a set of pipelines totaling 669 km.

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