PETROLEUM REFINING IN BRAZIL: STATE DIVESTMENT AND COMPETITION ISSUES

摘要

The Brazilian refining market is made up of 17 refineries,13 of which are owned by state-controlled Petrobras and represent 99% of the country's oil products.These refining units output in 2017 was about 105 million cubic meters of oil products.The objective of this work is to identify the possibilities for structural change in the midstream segment of the Brazilian oil industry,which go through the state divestment in the dominant company,its pricing policies and alternatives involving greenfields and imports.The aspects of energy security and competition fostering are observed in this analisys.