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SÃO PAULO – Petrobras (PETR3; PETR4), through its American subsidiary, signed Wednesday (30) with Chevron an agreement on the sale of the controversial refinery in Pasadena, USA. The value of the transaction is $ 562 million, including $ 350 million in shares and $ 212 million in working capital. The final value of the transaction is subject to working capital adjustments until the closing date of the transaction.
The Pasadena Refining System, which is responsible for the processing of petroleum and the production of derivatives, and PRSI Trading LLC, an exclusive commercial subsidiary of PRSI, both wholly owned by Petrobras America Inc.
whose capacity of treatment is 110,000 barrels a day and located in the city of Pasadena, in the Gulf of Mexico, Texas.
The refinery is independent of the Petrobras system, which can operate with light and medium oil flows and produces by-products.
Petrobras said in a statement that the conclusion of the transaction was contingent on the fulfillment of the usual preconditions, such as obtaining the approval of the antitrust agencies of the United States and Brazil.
"The operation is part of Petrobras' partnership and divestment program, in accordance with the Neg plan heating and management 2019-2023, which provides the company's portfolio optimization," the state.
The refinery sparked controversy in 2014 amid denunciations that affected former President Dilma Rousseff, who at the time of the negotiations was chairman of Petrobras' board of directors. According to the Court of Auditors of the Union (TCU), the board of the oil company has approved the purchase of the refinery on the basis of "non-economic" criteria resulting in a loss of $ 580 million for When she was questioned about the problems related to the Pasadena acquisition in 2014, the then president said she had received incomplete information from Petrobras' advice. responsible for the negotiation, which it led to the approval of the transaction.
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