The Brazilian state-owned company of Petrobras Oil has signed a contract to sell its shale industrialization unit (SIX) for $ 33 million to Forbes & Manhattan Resources, he said in a filing on Thursday.
The refining unit is located in the state of Paraná in one of the world’s largest reserves of oil shale, a sedimentary rock containing organic matter that can be converted into oil and gas by heating.
This is the third refinery that Petrobras is selling in its divestment strategy, which in total will sell eight refineries.
The buyer is wholly owned by Forbes & Manhattan Inc, a private commercial bank based in Toronto, Canada.
Petrobras said $ 3 million was paid to secure the sale. The deal is still subject to approval by CADE, Brazil’s antitrust regulator.
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