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.


  • 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Your email address will not be published.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.


You May Also Like

Low Inflation and High Surplus Warms Up Brazilian Market

Latin American stocks regained some of the ground lost last Friday, when new developments ...

Uruguay Joins US in a Test of Brazil and Mercosur’s Resolve

Through their use of roadblocks and varied inflammatory statements to the press, Argentine activists ...

Brazil’s Clothing Sector Has Learned How to Be Competitive

A survey by the Abit (Associação Brasileira da Indústria Têxtil e de Confecção – ...

Together with Cuba and China, Brazil Owes Billions to Paris Club

The Paris Club of creditor nations disclosed this week for the first time ever ...

Brazilian Tractors Are Competing Overseas

Brazil has modernized its industries that produce agricultural machinery and became a competitive exporter ...

Brazil Gathers Its Food to Show in Paris

The International Business Center (CIN) at the Federation of Industries of the State of ...

Brazil’s PSDB Chief Resigns Charging Government of Corruption

Brazilian Senator Eduardo Azeredo (PSDB, state of Minas Gerais) announced, Tuesday, October 25, on ...

Brazilian Fair: a Window to Brazil’s and the World’s Craft

Art Mundi, the international handicraft fair, who is going on in Brazil, sells from ...

Obama to Meet Brazil’s Lula in March and Later Travel to Brazil

It's all set: Brazilian president Luiz Inácio Lula da Silva will meet US President ...