Mubadala wants to buy Petrobras' refinery in Bahia.
Mubadala, Abu Dhabi's sovereign wealth fund, has made an offer to Petrobras to buy the Landulpho Alves Refinery in Bahia, in a deal that signifies the continuation of the destruction of national sovereignty adopted by the Jair Bolsonaro government.
247 - Mubadala, the trillion-dollar sovereign wealth fund of Abu Dhabi, has made an offer to Petrobras to buy the Landulpho Alves Refinery, located in Bahia. This information was published in... Lauro Jardim's columnThe refinery processes 330 barrels per day.
The sale of refineries was a policy adopted after the coup against Dilma Rousseff in 2016. According to proponents of ultraneoliberalism, the sale serves to reduce Petrobras' debts. As a consequence of this practice, Brazil exports oil and imports refined products.
This measure makes evident the subservience to foreign interests, an economic policy that gained momentum in Brazil after Michel Temer assumed power through a coup and was reinforced by his successor, Jair Bolsonaro.