• Categories
  • Archives

Brazil’s Petrobras Spends US$ 2.5 Billion in 26 Oil Tankers

Transpetro, subsidiary of the Brazilian oil company Petrobras for the logistics and transportation sector, announced yesterday, July 12, the conclusion of negotiations with the Atlântico Sul consortium for building ten large sized oil tankers, of the Suezmax kind (with draft to sail by the Suez Channel).

They also ended the first phase of the tender in the Program for Modernization and Expansion of the National Fleet of Tankers for building 42 large sized vessels.

The 26 vessels foreseen in the first phase of the program will cost the state-owned company US$ 2.48 billion, in orders to the national shipyards. Of this total, US$ 1.209 refer to the Suezmax tankers.

The Rio Atlântico consortium is formed by the groups Andrade Gutierrez, Camargo Corrêa and Queiroz Galvão, as well as the shipyard Aker Promar.

In the negotiations with the group, Transpetro managed to reduce to US$ 120.9 million the average price of the ships – the value initially offered by the consortium was of US$ 141 million.

Last month, the subsidiary of Petrobras signed negotiations for building 16 ships costing US$ 1.27 billion – value 16.2% below the price presented by the shipyards.

In this case, in spite of the reduction, the price of the tankers was still up to 3% above the international average price for building similar vessels.

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Your email address will not be published.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

Cashew Growers from Brazil Take the Fair Trade Road to Sell Overseas

Brazil's Center of Cashew Farmer Cooperatives in the northeastern state of PiauÀ­ (Cocajupi), created ...

WTO Panel Rules Against US on a Case of Brazilian Orange Juice

A dispute settlement panel from the World Trade Organization has ruled that the United ...

Brazil and US Hold 16-Country War Games in Brasí­lia

The armed forces of sixteen American nations have begun computer simulated training exercises in ...

Friends Shelve Corruption Charges Against Brazilian Senate President

Protected by a network of old political friends Brazilian Senate president José Sarney managed ...

World Bank Chastises Brazil for Growing Slow and Neglecting Infrastructure

The chief economist at the World Bank, François Bourguinon, says that "Brazil needs macroeconomic ...

Brazil’s Zero Hunger Has US$ 12 Billion Budget for 2006

Brazil’s Family Grant is one of the 31 federal government actions encompassed by the ...

US Group Asks for a Halt to Brazil’s “State-Sponsored Piracy”

The American group Defenders of Property Rights (DPR) today called on the Office of ...

Brazilian Newspaper Sues US Government Over “Return to Sender” Home Raids

New Jersey-based Brazilian newspaper Brazilian Voice and the Seton Hall Law School's Center for ...

Forest Burning Is Brazil’s Contribution to Greenhouse Effect

“Brazil’s chief contribution to increasing the greenhouse effect certainly comes from the burnings,” affirmed ...

Brazil to Explore Oil and Build Cars in Iran

Brazilian exports to Iran have exceeded US$ 1 billion in 2004. This represents a ...