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Reuters

Brazil’s Lula advised to buy back Petrobras refineries – study author

(Reuters) -An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras’ refining capacity, including through the reversal of refinery privatizations, one of the study’s authors told Reuters. The study also proposes new investments and the resumption of refinery projects abandoned by Petrobras after the state-run oil company decided to focus on production from its offshore pre-salt fields as it recovered from Brazil’s biggest ever corruption probe, the so-called Car Wash scandal. Among the proposals is the possibility of Petrobras regaining ownership of the RLAM refinery in Bahia, said study co-author William Nozaki, on the Workers Party team advising Lula on Petrobras affairs.