Petrobras strengthens ties with Manguinhos Refinery, works toward upgrade

Source: Petrobras

Petrobras (NYSE:PBR) signed a Protocol of Intentions with Manguinhos - Refinaria de Petróleos S.A. for joint studies of business opportunities of mutual interest to the two companies.

The purpose of the Protocol is, in addition to identify business opportunities, to form partnerships in the refining area, including the modernization of the Manguinhos refinery to produce gasoline, diesel fuel, and differentiated products, transportation services and logistics, and biodiesel production.

The term of the Protocol is for one year, with the possibility of renewal, it is limited to the analysis of opportunities, and it creates no additional obligation for the parties or financial obligations for Petrobras.

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