Petrobras to spend $ 1.1 bn on upgrade of Minas Gerais refinery

Oct 18, 2007 02:00 AM

Brazil's state-run oil firm Petroleo Brasileiro, or Petrobras, will upgrade its Gabriel Passos refinery in Minas Gerais state for $ 1.1 bn, Chief Executive Sergio Gabrielli is quoted as saying.
The release says the investment will be for new units of the refinery. Petrobras currently is upgrading its Brazilian refineries to process more heavy oil and produce fuels that are more environmentally friendly.

The company also plans to spend $ 600 mm an acrylic complex, but still encounters difficulties to obtain licenses for the necessary technology, Gabrielli said.
The investments are part of $ 112 bn Petrobras has earmarked for spending in the 2008 to 2012 period.

Source / Dow Jones & Company
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events