brazils petrobras reassesses oil refinery deal withs cnpc

Brazilian state-run firm Petrobras has filed requests to Brazil's competition regulator Cade to renegotiate terms that stipulated the company

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Brazilian state-held oil firm Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery

Brazilian state-led oil company Petrobras plans to invest about $9.2 billion in 2025-2027 to boost production of ultra-low sulfur diesel and middle distillates across its refineries, including the

Petroleo Brasileiro SA reached a deal with Brazil’s antitrust watchdog to keep oil refineries it hasn’t already sold as the company gears up

Brazil’s state-controlled oil company Petrobras said on Tuesday it has signed a deal with local antitrust regulator CADE regarding the proposed sale of some of its refineries.

Petrobras owns 11 refineries producing about 80% of fuel production, after selling two plants under former President Jair Bolsonaro. Built in the 1950s, RLAM is

Brazilian state-held oil firm Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro,

Brazil Holds 10% stake in sub-salt deepwater Libra field in a consortium led by Petrobras. Peru CNPC’s first investment destination where in 1993 the company became operator of three oil blocks in the Talara oilfield. In 2002 bought 45% stake in

The 165,000-bpd refinery is expected to be completed by an 80-20 joint venture between Petrobras and CNPC subsidiary China National Oil and

The winning companies are Brazil’s state-owned giant Petrobras and the Brazilian subsidiaries of ExxonMobil, Chevron, CNPC, Petrogal, Dillianz, Karoon Energy, Shell, and Equinor. With a premium of over 500%, the signing bonus of 989.26 million Brazilian Reais, or roughly $180 million, is said to be a record for all cycles.

The Aram Block, the largest risk exploration block in the pre-salt area of the Santos Basin in Brazil, was awarded to the consortium formed by Petrobras and CNPC in the sixth pre-salt production sharing bidding round held on November 7, 2025.

China National Petroleum Corporation (CNPC) and Petrobras have successfully tested the first exploratory well in a deep-sea offshore

Brazil’s state-run oil conglomerate, Petroleo Brasileiro SA has recently signed a joint venture (JV) agreement with China’s CNPC (China

Brazilian state-run oil firm Petroleo Brasileiro SA and a subsidiary of China National Petroleum Corp (CNPC) have signed an agreement to study the economic viability of completing construction of

The Shymkent Oil Refinery is a collaborative project between CNPC and the national oil and gas company of Kazakhstan. It is a key project

Rio de Janeiro — Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said Tuesday.

The volume of processed oil from the pre-salt region was also historic, accounting for 70% of the total oil processed by Petrobras, surpassing the figure recorded in 2025, when the annual average reached 66%. The annual Refinery Utilization Factor (“FUT”) reached 93.2%, compared to 92% achieved in 2025.

The Brazilian oil and gas group Petrobras has acquired a total of thirteen offshore blocks in the Foz do Amazonas and Pelotas Basins in Brazil. The areas were awarded as part of the 5th Permanent Concession Offer Cycle of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras and ExxonMobil Exploração Brasil (on a 50:50 basis) acquired