Rui Costa celebrates partnership with Arabs to expand Petrobras refinery that was privatized in Bahia.
The Mubadala Fund has pledged to expand production; however, this news will displease those who advocated for renationalization.
247 - The Minister of the Civil House, Rui Costa, celebrated a partnership with the Mubadala fund, which took control of the Mataripe Refinery after a controversial privatization during Jair Bolsonaro's government. According to the minister, the Arabs will invest R$ 12 billion to expand the refinery, but the news will displease nationalist sectors that supported the election of President Lula and expected the renationalization of the company as a necessary measure to change Petrobras' pricing policy. Check it out: