Exclusive: Petrobras to receive offers for Bahia refinery on Thursday, sources say

Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the state oil company aims to restart a plan to divest more than $10 billion in assets.

If the deal for the Landulpho Alves refinery, also known as RLAM, is concluded, it would mark a first in the producer’s decade-long efforts to end its near-monopoly in refining in Brazil and open one of the top ten fuel markets in the world for private investors.

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