Brazil’s Petrobras Buying Texas Oil Refinery

The President of Petrobras – Brazilian Oil S.A., José Sérgio Gabrielli, affirmed today, in Rio de Janeiro, that in 2006 the government-owned company will start intensifying its operations in the refining market of oil byproducts, both in Brazil and the United States.

Petrobras has already announced the construction of two refineries in Brazil.

The first one, a partnership with Venezuelan PDVSA, will be built in the northeastern state of Pernambuco, to process 210,000 barrels per day of heavy oil extracted from both countries.

The second one, a Basic Petrochemical Plant, will produce 150,000 barrels of petrochemical input per day. The plant will be built in Rio de Janeiro and will process oil from Bacia de Campos.

In the United States, Petrobras is negotiating the acquisition of the majority of shares of a refinery located in Texas, the Pasadena Refining System Inc., which belongs to Astra Oil Co. and processes 100,000 barrels of oil per day.

Gabrielli said that Petrobras wants this unit to process heavy oil from Brazilian fields. A Memorandum of Understanding between Petrobras and Astra has already been signed last month.

Petrobras is celebrating its 52nd anniversary.

Agência Brasil

Tags:

You May Also Like

Brazil Has Only One Among the 100 Largest Companies in the World

This year’s Forbes Magazine’s list of the largest companies in the world reveals that ...

Brazilian Amazon on fire

Brazil May Become the Saudi Arabia of Ethanol. Or the Iraq

Not everything that pretends to be sustainable truly is. Environmental and social concerns ("the ...

Brazil’s Lula Gets Royal Grade Treatment in London

Brazilian President Luiz Inácio Lula da Silva initiated his first State visit to the ...

Brazilians Step Up Actions Against Smoking

On World Tobacco-Free Day, commemorated today, Brazil’s Minister of Health, Humberto Costa, handed the ...

Brazil’s Embraer Revises 2004-2005 Flight Plan

Brazil’s Embraer today announced its third-quarter 2004 deliveries for the Airline, Corporate and Defense ...

Amazon Deforestation in Brazil Back to Alarming Level

With 26,000 square kilometers lost last year – more than half the size of ...

Chinese Airline Gets First of Five Brazilian Jets Ordered

Brazilian aircraft maker Embraer delivered, August 28, the first of five Embraer 190 jets ...

Short Takes Brazilian music releases in the US

Jorge da Silva For many fans here in the US, the term next Brazilian ...

It’s Time Bolivia Partakes in Brazil’s Gas Windfall

The Bolivian minister of Hydrocarbons, Andrés Soliz Rada, says that Bolivia will run audits ...

Apple Becomes Brazil’s Number One Fruit Export

Apples are the fruit that generated the largest foreign trade revenues for Brazil this ...