India's Essar, Brazilian firms consider bid for Petrobras' refinery

Topics Petrobras | Essar Group | Raizen


Brazil's Petroleo Brasileiro SA is set to receive binding offers on Dec. 10 for its Rio Grande do Sul state refinery Refap, with Indian conglomerate Essar Group and local firms Raizen and Ultrapar Participacoes SA among its potential bidders, people familiar with the negotiations said.

All three companies have been pre-qualified for the binding phase for Refap refinery, also known as Alberto Pasqualini, the sources added, declining to be named as the details are confidential. Petrobras, as Brazil's state-controlled producer.

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