PBR Petroleo Brasileiro ADR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of May, 2021

Commission File Number 1-15106

PETRÓLEO BRASILEIRO S.A. – PETROBRAS

(Exact name of registrant as specified in its charter)

Brazilian Petroleum Corporation – PETROBRAS

(Translation of Registrant's name into English)

Avenida República do Chile, 65 
20031-912 – Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

Petrobras on deadline for sale of assets under TCCs

—

Rio de Janeiro, May 11, 2021 - Petróleo Brasileiro S.A. – Petrobras informs that its Executive Board approved, on today's date, the execution of amendments to the Commitment Terms (TCCs) signed with the Administrative Council for Economic Defense (CADE), with the purpose of extending the deadline for Petrobras to continue with the negotiations for the effective conclusion of the negotiation processes and signing of contracts for the purchase and sale of assets provided for therein.

The new deadlines approved by CADE to conclude the processes are as follows:

(i) Refinaria Isaac Sabbá (REMAN), Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) and Refinaria Alberto Pasqualini (REFAP) - 07/31/2021;

(ii) Unidade de Industrialização do Xisto (SIX), Refinaria Gabriel Passos (REGAP) and Refinaria Abreu e Lima (RNEST) – 10/30/2021;

(iii) Refinaria Presidente Getúlio Vargas (REPAR) – 12/31/2021 and

(iv) Petrobras Gás S.A. (Gaspetro) – 06/30/2021.

The process of selling these assets is subject to evaluation by Petrobras' internal governance bodies. Such operations are foreseen in the TCCs signed with CADE in June 2019, for the refining assets, and in July 2019, for the natural gas assets, in order to stimulate competition, encouraging the entry of new economic agents in these markets.

Petrobras reaffirms its commitment to broad transparency in the management of its portfolio and reinforces that the main stages of the processes are disclosed to the market in accordance with Petrobras' internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investors Relations

email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. República do Chile, 65 – 1803 – 20031-912 – Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.

Petroleo Brasileiro ADR (NYSE:PBR)
Historical Stock Chart
From Mar 2024 to Apr 2024

Petroleo Brasileiro ADR (NYSE:PBR)
Historical Stock Chart
From Apr 2023 to Apr 2024