Braskem Details R$51.3 Million Natural Gas Transactions with Petrobras Subsidiary Voqen

Braskem has disclosed a significant related-party transaction involving its wholly-owned subsidiary, Voqen Energia Ltda., and Petróleo Brasileiro S.A. (Petrobras). The transaction is governed by a Natural Gas Purchase and Sale agreement signed on July 21, 2025, between Voqen and Petrobras. Voqen is fully controlled by Braskem, which is co-controlled by Petrobras, classifying this as a related-party operation.

Braskem reported that the total transaction value, including supply confirmations made in 2025 and 2026, amounts to R$51,252,965. The company emphasized that the transactions were conducted in strict accordance with its related-party transaction policy and internal compliance measures. Notably, Voqen’s approval bodies handled the agreement without participation from any directors who also serve as Petrobras administrators, ensuring governance standards were met.

The agreement terms incorporate market-based parameters to set commercial conditions, underscoring Braskem’s commitment to transparency and fair practice despite the interconnected ownership structure. This transaction highlights the continued commercial cooperation between Braskem and Petrobras, both significant players in Brazil’s energy sector.