Petróleo Brasileiro S.A. – Petrobras, in continuity with the announcements of 06/06/2023, 23/06/2023 and 29/12/2023, clarifies that the contract with Unigel Participações S.A. (Unigel), signed on 29/12/2023, stems from the understandings initiated on 06/06/2023 (nondisclosure agreement), and is in line with the Company’s Strategic Plan 2024-2028 regarding the return to the production and sale of fertilizers.
The contract for industrialization to order (tolling), signed on 29/12/2023, is still in force and the company reiterates that all contracts and projects are drawn up and executed in accordance with all the company’s governance standards and requirements, decision-making hierarchy, and operational responsibility.
The contract with Unigel for the service of processing Petrobras’ gas as a raw material and delivering/marketing fertilizers for the contractor, in the form of a tolling agreement, does not represent a definitive and autonomous undertaking. It is a provisional measure that allows the plants located in Sergipe and Bahia (which belong to Petrobras) to continue operating for a provisional eight months, while the contractors engage in the first phase towards a definitive, profitable and viable solution for supplying these products to the Brazilian market.
The need to supply the domestic market has been widely reiterated, and the reorganization of its operations in the fertilizer segment is provided for in the company’s 2024-2028 Strategic Plan.
Petrobras’ business strategies ensure that our resources are spent at the right time and on the right assets, in order to guarantee the highest return on invested capital, in a safe and sustainable manner. Finally, Petrobras will provide all technical clarifications and justifications to the TCU within the required timeframe.
Material facts will be disclosed to the market in due course.
Brazil Energy Insight 
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