Petrobras: refineries can value oil falling

The drop in oil could raise the value of the eight refineries that were put up for sale by Petrobras. Manuel Fernandes, regional co-leader of energy and natural resources at kpmg auditing firm, explains that reducing the value of the commodity creates a greater advantage in gasoline and diesel sales. 

According to Fernandes, it would be a sum. The domestic fuel market would guarantee the volume of sales and in addition, "the reduction of global interest rates and the rise of the dollar against the real make Petrobras refineries more attractive."

Petrobras plans to sell $20 billion to $30 billion in assets by 2024, which include thermal power plants, butane gas distribution, pipelines and petrochemical assets.


14 thoughts on “Petrobras: refineries can value oil falling

Leave a Reply