INSUBCONTINENT EXCLUSIVE:
Mubadala, UAE state-owned holding company that acts as a sovereign wealth fund, has lodged a complaint against Petrobras with the
Administrative Council for Economic Defense (Cade).The complaint pertains to alleged high pricing of oil sold by the Brazilian oil
corporation.The Mataripe refinery, owned by Mubadala, argues that Petrobras is charging more than the prices it sets for its own
refineries.The refinery was privatized in 2021 at US$1.8 billion.Petrobras refutes these accusations, stating that the Mataripe refinery can
purchase oil from around 60 other oil producers within the country.They further argue that Acelen
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