• Categories
  • Archives

Brazil’s Petrobras Invests US$ 11 Billion in 300,000 Barrels a Day Refinery

Petrobras, Ceará, Brazil Brazil's state-controlled oil and gas multinational Petrobras is going to invest US$ 11.1 billion in the construction of refinery Premium II, to be installed in the Port of Pecém, in the state of Ceará. The information was given by the director for Supply and Refining at the company, Paulo Roberto Costa.

The forecast is for the construction of the refinery to generate 90,000 direct and indirect jobs. According to Costa, the new unit will have processing capacity for approximately 300,000 barrels of oil per day, half of which should be produced beginning in 2014.

The new refinery is expected to become operational in September 2014. The remaining 150,000 barrels forecasted should be produced from September 2016 onwards.

Petrobras has already signed a memorandum of understanding with the Port Integration Company of the State of Ceará, Petrobras Distributor (BR), Transpetro, and the Gas Company of the State of Ceará, as well as the government of the state, so as to enable the construction of a new refining unit.

Counting from the protocol's signing, the parties will have 120 days to negotiate, elaborate and agree on a Term of Commitment, to be established between Petrobras, the Government of the State of Ceará, and Cearáportos (Ceará Ports), and which should create the necessary juridical, technical and economic conditions for the construction of the refinery.

The refinery will mostly produce diesel oil of the EURO V type for exports, kerosene for aviation, naphtha, liquefied petroleum gas (LPG) and bunker (oil for fueling vessels and tankers) for the domestic market. Diesel production should answer to 50% of the refinery's total output.

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Your email address will not be published.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

Brazil Blasts US and Casts Doubt It Will Buy American Fighter Planes

Brazilian Defense minister, Nelson Jobim, told reporters this Friday, November 6, that the dispute ...

Brazil’s State Firm Embrapa Creates 14 Transgenic Species. Seeds Are for Sale.

In a special program, "Soybeans – A Big Business," broadcast on Friday, January 20, ...

Amazon Fair in Brazil Draws Buyers from US, Canada and Japan

US$ 10 million in contracts were generated last week in Brazil during the business ...

Venezuela’s Deals Are Too Good to Pass, But Brazil Has Been Resisting

While crowds of cheering supporters gathered outside the National Assembly in Venezuela on August ...

Brazil Only Loses to Chile in High Cost of Living in South America

Chile, Brazil and Uruguay have the highest cost of living in Latinamerica according to ...

Some Brazilian Women Routinely Deported from Europe Are Sex Slaves

Part of the Brazilian women who were deported from or not admitted to Europe ...

Brazil’s Surplus US$ 5 Billion Beyond IMF”s Wishes

The Brazilian government had a November primary account surplus of US$ 2.542 billion (6.857 ...

Hot Names

For all the globalization and Americanization of Brazil it’s a surprise to see there ...

Brazil Makes Close to US$ 3 Billion a Year Exporting Chicken

According to Brazil’s Chicken Producer and Exporter Association (Abef), Brazilian chicken exports in May ...

Brazilian NGO is embroidering the Pope's bed sheets

Brazilian Hands Weave the Sheets the Pope Will Sleep on in Brazil

In the hands of four embroiderers from Potim, a city with 14,000 inhabitants in ...