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Petrobras on New Naphtha Contracts with Braskem

Source: www.gulfoilandgas.com 6/10/2020, Location: South America

Petrobras informs that it signed new long-term contracts for the supply of petrochemical naphtha with Braskem S.A. ("Braskem") for the units in the states of Bahia and Rio Grande do Sul.

The contracts come into force after the current contract closes in December 2020, and have a term of five years, with volumes varying between 650 thousand and 3.5 million tons per year at the price of 100% of the price of naphtha in Northwest Europe (ARA).

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