Mubadala Buys Petrobras Bahia Refinery, Ending Monopoly

Posted on 02/09/2021


Petroleo Brasileiro SA (Petrobras) agreed to sell the Refinaria Landulpho Alves, or RLAM, in Bahia state to Mubadala Investment Company for US$ 1.65 billion. Petrobras opened a final round of binding offers based on parameters negotiated with Mubadala on December 3, 2020. According to a Petrobras website page on the refinery, “The Landulpho Alves Refinery […]

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