Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 11

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 11
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 the long
term. The operational planning is made in a centralized manner and these assets are not managed, measured or evaluated by their individual
results. Refineries do not have autonomy to choose the oil to be processed, the mix of oil products to produce, the markets in which these
products will be traded, which amounts will be exported, which intermediaries will be received and to decide the sale prices of oil products.
Operational decisions are analyzed through an integrated model of operational planning for market supply, considering all the options
for production, imports, exports, logistics and inventories, seeking to maximize the Company’s global performance. The decision
on new investments is not based on the individual assessment of the asset where the project will be installed, but on the additional result
for the CGU as a whole. The model that supports the entire planning, used in technical and economic feasibility studies of new investments
in refining and logistics, seeks to allocate a certain type of oil, or a mix of oil products, define market supply (area of influence),
aiming at achieving the best integrated results. Pipelines and terminals are a complementary and interdependent portion of the refining
assets, required to supply the market.

| 16 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

ii) CGU Boaventura Energy Complex - Utilities:
composed of assets that supports the natural gas processing plant (UPGN) of the route 3 integrated project;

iii) CGU Boaventura Energy Complex - Refining:
set of assets that remain in hibernation and are being evaluated for use in other projects.

iv) CGU Second Refining Unit of RNEST: comprises
assets of the second refining unit of Abreu e Lima refinery and associated infrastructure;

v) CGU Transportation: comprises assets relating
to Transpetro’s fleet of vessels;

vi) CGU Hidrovia: comprises the fleet of vessels
under construction of the Hidrovia project (transportation of ethanol along the Tietê River);

vii) Nitrogen fertilizer plants: each plant represents
individual CGUs, wheter it is hibernated or in operation; and

viii) Other RT&M CGUs: valued at the smallest
identifiable group of assets that generate cash inflows independent of cash inflows from other assets or other groups of assets.

| c) | Gas and Low Carbon Energies CGUs: |

i) CG