Petrobras in Talks With Mubadala to Repurchasing Rlam Stake: CEO

Nov. 24, 2023, 6:35 PM UTC

Petrobras is in talks Abu Dhabi sovereign wealth fund Mubadala to repurchase at least a stake of former Landulpho Alves Refinery, formerly known as RLAM, located in Bahia state, which was sold in 2021, Petrobras’s CEO Jean Paul Prates said during a press conference.

  • Potential acquisitions by Petrobras are included on its $11 bi investment plan for 2024-2028 as a “portfolio under evaluation”
    • Acquisitions in energy transition may include partnerships for under development projects; not necessarily ready-made projects: Energy Transition Director Mauricio Tolmasquim said
  • Amount includes a possible decision to purchase Braskem control by Petrobras, CFO Sergio Caetano Leite said ...





Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.