Petrobras Signs $11.3 Billion Naphtha and $940 Million Propylene Supply Contracts with Braskem
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Petrobras has signed long-term contracts with Braskem for the supply of naphtha and propylene. The naphtha contracts, valued at $11.3 billion, will supply Braskem's plants in São Paulo, Bahia, and Rio Grande do Sul, potentially reaching up to 4.316 million tons by 2030. The propylene contracts, valued at $940 million, will supply up to 300,000 tons per year from various refineries, starting May 18, 2026. These agreements are classified as Related Party Transactions and were reviewed by Petrobras’ Statutory Audit Committee.
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