Petrobras and Maranhao state sign commitment for refinery

Oct 14, 2009 02:00 AM

In a ceremony attended by the Minister of Mines & Energy, Edison Lobao, by the Governor of the State of Maranhao, Roseana Sarney, and by Petrobras's CEO, José Sergio Gabrielli de Azevedo, Petrobras signed a term of commitment with the Government of Maranhao for the construction of the Premium 1 Refinery, on October 14, 2009.
The fruit of negotiations that started with the signing of the Protocol of Understandings last May, this document defines the parties' commitments to make the conditions required to deploy the project feasible. In the construction phase, slated to begin in late 2009, 100,000 direct, indirect, and income effect jobs are expected to be created.

During the event, minister Edison Lobao guaranteed the Premium 1 Refinery is a solid, promising reality that will change the economy of the state of Maranhao for good. After presenting the main figures and detailing the complexity of this which will be among the world's biggest refineries, Gabrielli emphasized the importance of the union and of partnerships among all municipal and state governments in the regions that will be impacted by the project.
"This will be a structuring project, one that will rise Maranhao to the new status as an economically strong and active state both in the domestic and in the global scenario," said Gabrielli. The CEO also mentioned the impact the Prominp and other company initiatives have had in training qualified labour.

The refinery, which will be built in the Municipality of Bacabeira (MA), will have a pipeline range and a port terminal to receive oil and flow derivatives. Capable of processing 600,000 bpd, the refinery will go on stream in two phases, the first, for 300,000 bpd, foreseen for the second half of 2013, while the second slated for 2015.
The project was designed to maximize the production of high-quality diesel and to produce the following oil products: aviation fuel, petrochemical naphtha, LPG, bunker and coke.

The population of Bacabeira, some 16,000 inhabitants, has already started feeling the positive reflexes of the project. The State Government recently announced partnerships with the Science & Technology, Industry, Trade and Labour, and Solidary Economy departments and Petrobras to provide professional qualification to people who live in the region.
By means of the National Oil & Natural Gas Industry Mobilization Program (Prominp), 22,700 people holding college, technical, high school, and elementary school degrees are hoped to be qualified all over the state by 2013. The project is also expected to generate 3120 job openings in the area surrounding Bacabeira, which encompasses nine towns.

With this investment, Petrobras hopes not only to boost its business results even more, but to also contribute to the country's economic development.

Main Premium 1 refinery figures
Location: Bacabeira (MA)
Capacity: 600,000 bpd
Operation: Sep/2013 and Sep/2015 (two phases)
Market: LPG, Naphtha, Aviation Fuel (Brazil) and 10-ppm Diesel (Europe)
Vessel Movement/Operation: 1,329 vessels/year
Job Generation: Upwards of 100,000 direct, indirect, and income effect jobs.

Source / Petrobras
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
« September 2018 »
September
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