Brazil’s Petrobras Might Buy Oil Refinery in U.S.

Brazilian oil giant Petrobras does not discard the possibility of purchasing a refinery in the United States or any other country that may be of interest, stated company president José Eduardo Dutra yesterday. The purchase would be made so as to increase the company’s refining capacity.

Dutra explained that since he was inaugurated, in January 2003, at no moment has he discarded the possibility of buying a refinery abroad, as defended by his predecessor, Francisco Gros.


“Our forecast is to increase production of heavy oil, which now has a spread when compared to brent (lighter oil) of US$ 12,” stated Dutra.


“In case we have an opportunity to add value to this oil, be it refined in Brazil or abroad, we will do so,” he added.


The president of the state-owned oil company did not mention potential business being negotiated, but he added that, personally, he has never ignored the hypothesis of purchasing or leasing a refinery abroad.


ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Lula Asks Bolivia: If Not Brazil Who’s Going to Buy Your Gas?

In yet another chapter of the natural gas struggle, Brazilian President Luiz Inácio Lula ...

Brazil’s Surplus This Year: US$ 7.9 Billion

Brazil’s current account (the total of the trade balance, international travel, interest payments, and ...

Brazilian Guinea Pigs Got US$ 5 to Be Bitten by 100 Mosquitoes a Day

Brazilian Senator Cristovam Buarque (PDT party, Federal District), president of the Senate Human Rights ...

Brazil produces some of its own AIDS drugs

US AIDS Group Hails Brazil for Breaking Merck’s AIDS Drug Patent

AIDS Healthcare Foundation (AHF), the US' largest provider of HIV/AIDS healthcare, education and prevention ...

Brazil Tax Evasion Prevention System Draws Curious Foreigners

Interested in knowing the anti-evasion system implemented by the Brazilian Federal Revenue representatives of ...

Brazil: Mercosur Opens Up to Arab World

Negotiations for the preference treaty between the Mercosur, the customs union between Argentina, Brazil, ...

The Emperor of Bahia, The King of Brazil, Or You Can Just Call Hi

The speech in its entirety, in Portuguese:By Alessandra Dalevi Twice this doctor was governor ...

Brazilian Astronaut Will Wear Clothes Made in Brazil in Space

The garments that Brazilian astronaut Marcos César Pontes is going to wear during his ...

Some Europeans Prefer their Brazilian Caipirinha All Over their Body

Brazil's caipirinha (a margarita made of sugarcane liquor), one of the country's most emblematic ...