Brazil's Lula says Petrobras will seek to buy back refinery sold to Mubadala
PetrobrasPetrobras(US:PBR) Reuters·2026-03-20 17:09

Group 1 - Brazilian President Luiz Inacio Lula da Silva announced that state-run oil company Petrobras will seek to buy back the Mataripe refinery in Bahia state, which was sold to Mubadala in 2021 under the previous administration [1][2] - Lula emphasized that the buyback process may take time but is a commitment of his administration [2]

Brazil's Lula says Petrobras will seek to buy back refinery sold to Mubadala - Reportify