|Categories:||Petrochemical and Chemical Refineries|
|Updated:||30 Aug 2012|
By 2016, Petrobras will invest US$71.6 billion in the Downstream sector, focusing on modernizing and expanding its refining park. The sector has a total of 255 projects under deployment, with emphasis on the Abreu and Lima Refinery and on the first train of the Rio de Janeiro Petrochemical Complex (Comperj), expected to boost Petrobras' refining capacity by approximately 400,000 barrels per day.
Brazilian state oil-and-gas producer Petroleo Brasileiro S/A will next year spend 8.26 billion Brazilian reais ($4.45 billion) modernizing its refineries, the company said late Wednesday in a news statement.
The deadline for Venezuela's Petroleos de Venezuela SA to pay for its 40% stake in a joint-venture refinery project with Petroleo Brasileiro, or Petrobras, is Nov. 30, Petrobras's downstream director said Tuesday.
Brazil's national development bank, or BNDES, has accepted bank guarantees presented by Venezuela's state oil company, Petroleos de Venezuela SA, for construction of an oil refinery in northeast Brazil, according to Brazilian oil company Petroleo Brasileiro SA.
Brazilian federal oil company Petroleo Brasileiro said Tuesday that it was still in talks with Petroleos de Venezuela SA to complete a joint-venture deal to build a refinery in Brazil's Pernambuco state.
Brazilian federal oil company Petroleo Brasileiro, or Petrobras, will build a refinery in northern Brazil with or without wayward joint-venture partner Petroleos da Venezuela SA.
Venezuela's national oil company, Petroleos de Venezuela SA, still needs to get a loan approved before its participation in a refinery joint venture with Brazil's Petroleo Brasileiro, or Petrobras, can move forward, Petrobras downstream director Paulo Roberto Costa said Wednesday.
Venezuela's national oil company, Petroleos de Venezuela SA, has two key obstacles to surmount if it wants to remain a partner in a joint-refinery project with Brazil's Petroleo Brasileiro, or Petrobras, according to Petrobras downstream director Paulo Roberto Costa.
SAO PAULO -(Dow Jones)- Brazil's Federal Accounting Office, or TCU, recommended late Tuesday halting work on two refineries being built by state-controlled Petroleo Brasileiro SA (PBR, PETR4.BR) because of signs of overbilling.