Brazil’s refining industry is on the verge of large-scale change. Its recent steps toward de-monopolization and liberalization, as well as the divestment of refining assets by state-owned oil major Petrobras, are propelling Brazilian refining in a more attractive direction for investment.
Brazil’s refining industry is on the verge of large-scale change. Its recent steps toward de-monopolization and liberalization, as well as the divestment of refining assets by state-owned oil major Petrobras, are propelling Brazilian refining in a more attractive direction for investment.
Refining divestments
Brazil’s energy reform began as a result of numerous calls by independent producers on the national government to restrict Petrobras’ domination in Brazil’s refining industry. The company controls around 98% of total installed refining capacities in Brazil.
Petrobras’ divestment of refining assets is part of the company’s restructuring effort. The company plans to sell a significant
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