Exclusive: Brazil’s 3R, Global bid for Petrobras refinery and oilfields – sources

Rio de Janeiro-based Grupo Verde Brasil (GVB) and Houston-based B-in Partners have joined the 3R-led bid for the assets, known collectively as Polo Potiguar, the sources said.

RIO DE JANEIRO, BRAZIL - (REUTERS) Consortia led by Brazil’s 3R Petroleum Oleo e Gas SA and private equity firm Seacrest Capital have submitted binding offers for a refinery and dozens of oilfields owned by state-run Petrobras, three people familiar with the matter told Reuters.

Polo Potiguar is expected to fetch Petroleo Brasileiro SA from several hundred million dollars to over a billion dollars, two sources said. Petrobras is selling dozens of non-core assets to reduce debt and focus on deepwater oil production, and asset sales have picked up after slowing sharply during the pandemic in 2020 and . . .

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