Company: PBR
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001292814-25-002769
Chunk: 8

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-07-30
Form: 6-K
Chunk 8
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 reduction in jet fuel sales in 2Q25 compared to 1Q25 is
mainly due to seasonal effects (school holidays and festivities in the first quarter) which positively impact the aviation sector
and, consequently, fuel demand. In 2Q25, fuel oil sales decreased by 14.3% compared to the previous quarter. The main factor was the
reduction in demand seasonality from the maritime segment, due to the end of the cruise season. On the other hand, there was an
increase in sales to the industrial segment, driven by higher demand from the pulp and paper industry. Production The refining
system operated at a 91% utilization factor in 2Q25, contributing to a total production of 1,730 mbpd of oil products during this
quarter — a growth of 1.4% compared to 1Q25. Notably, the total utilization factor remained above 90%, a level consistently
observed in recent quarters. Diesel production in 2Q25 was 2.4% higher compared to 1Q25, in line with the total production of oil
products. We highlight the quarterly record for S-10 diesel production achieved by REVAP in 2Q25, reaching 44 mbpd. Additionally,
there was a 22.2% increase in naphtha production in the quarterly comparison due to the resumption of activities in the RNEST
refinery. Fuel oil production was 3.1% higher in 2Q25 compared to the previous quarter due to the higher refinery utilization rate
during the period. Production and Sales Report 2Q25 I 11 OPERATION RESULTS On the other hand, gasoline production in 2Q25 decreased
by 4.0% compared to 1Q25, due to scheduled shutdowns of fluid catalytic cracking (FCC) units at REPLAN and REFAP. These scheduled
shutdowns also contributed to the 2.6% reduction in LPG production during the quarter. Despite the decline in gasoline production
during the quarter, REPAR stood out by achieving a historic production record for this oil product in 1H25, with an average of 65
mbpd. Jet fuel production in 2Q25 was 5.4% lower compared to 1Q25, following the demand seasonality reduction for this product.
Highlights RTC Procurement of RNEST's Train 2: On June 16th, we signed the first contracts for the completion