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Petroleum and Derivatives

 

2020 has arrived

R$ 95.7 in new refinery capacity

It is curious that the opposition parties that complain today about the Petrobras deficit, caused by the demand for derivatives which is greater than refining capacity, spent eight years in power without investing in increases in refining capacity.

 The Abreu e Lima refinery, in Pernambuco, will process 230,000 barrels of oil daily  photo credit: Petrobras

It was left to the governments of Lula and Dilma to reverse the situation. Huge investments are being made, in four new refineries: Abreu e Lima (PE), the petrochemical complex in Rio de Janeiro (Comperj), the Premium I (MA) and the Premium II (CE). The first three, together, will receive a total of 95.7 billion in investment. The premium I in Maranhão, alone, will receive an investment of R $40.8 billion.Novas Refinarias

Petrobras sets record in refining

In June 2014, Petrobras achieved an historic landmark:

An average processing of 2.172 million barrels of oil per day, an increase of 32% compared with 2002, the last year under the opposition government. The company expects to increase its refining capacity by around 50% in the next few years to a level of 3.2 million barrels per day processed in 2018.

This expansion is the fruit of investments under the Growth Acceleration Program (PAC) and the modernization and expansion of Brazilian refineries. The investments are distributed among the refineries in various states, such as the Refinaria Presidente Vargas in the state of Paraná (R5.3 billion); Refap, in Rio Grande do Sul (R $21.3 billion); Landulpho Alves-Mataripe, in Bahia (R $ 2.2 billion); Clara Camarão, in Rio Grande do Norte (R $ 312 million); and the Manaus Refinery in Amazonas, (R $ 1 billion).