Exclusive: Brazil, China, UAE firms in second round of bids for Petrobras refineries – sources

Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter.

Sinopec, Abu Dhabi’s Mubadala Investment Co and Brazil’s Ultrapar Participações SA (UGPA3.SA) and Raizen were chosen to go through to the next phase, they said. Brazil’s Raizen is a joint venture between Cosan SA (CSAN3.SA) and Royal Dutch Shell Plc (RDSa.L).

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