Brazilian Government sells oil cargo directly to refinery in Brazil

For the first time, a cargo of Government oil was sold directly to a refinery.This Wednesday (March 6), the Mataripe Refinery won the direct sales bid held by Pré-Sal Petróleo (PPSA) for selling the Brazilian Government’s third oil cargo of 500,000 barrels, yielded by Atapu’s production sharing contract.The cargo will be available for shipment in April.

All companies already operating in the pre-salt layer were invited to participate, in addition to PRIO and the Mataripe Refinery.Three companies submitted bids:Galp, Petrobras and Mataripe Refinery.  All bids were based on the Brent prices and were opened in real time during a meeting held through the Teams platform between PPSA and representatives of the bidding companies.  The Mataripe Refinery is located in São Francisco do Conde (BA), with logistical assets in Madre de Deus (BA).

The first cargo from Atapu, also with 500,000 barrels, was sold in January 2023 to Galp Energia Brasil.In August last year, another batch of 500,000 barrels was sold to Equinor also through direct sales.