Model for Partnerships in the Refining segment

04/19/2018

Rio de Janeiro, April 19, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that, in order to support its final proposal regarding partnerships in the refining segment, today, it will hold a seminar with the participation of the Ministry of Mines and Energy (MME), the National Petroleum Agency (ANP), the Brazilian Institute of Petroleum, Natural Gas and Biofuels (IBP) and other interested entities, to learn about these players’ perspective on the subject and to introduce its preliminary model for partnerships in the sector.

It is a technical event, without the goal of announcing a decision on the matter. Accordingly, Petrobras clarifies that the preliminary model to be presented has no formal approval of its governance bodies (Executive Board and Board of Directors).

The pursuit of partnerships in the refining segment was approved in the Petrobras Strategic Planning (PE) and the 2017-2021 Business and Management Plan (PNG), and reinforced in PNG 2018-2022, as indicated in the strategy to “reduce Petrobras’ E&P, Refining, Transportation, Logistics, Distribution and Sale risks through partnership and disinvestments.”