Brazil’s Petrobras starts construction of biggest refinery in Latin America

18 January 2010

Sao Paulo, Brazil, 18 Jan – Brazilian oil and fuel giant Petrobras Friday started construction of the biggest refinery in Latin America, and the fifth largest in the world, in the state of Maranhão, in northeast Brazil.

The unit will have a production capacity of 600,000 barrels per day when in full operation as of 2015, with production of fuels such as diesel, aviation fuel, and petrochemical nafta, according to information from the Brazilian state.

The project will require investment of 40 billion reals and will have the capacity to process one third of Petrobras’ current production.

The refinery is located in the city of Bacabeira, 60 kilometres from the future port terminal in the state capital São Luís, with which it will be linked via a pipeline.

The work will be carried out in two phases, the first of which will be concluded in 2013, when the refinery will reach production capacity of 300,000 barrels per day.

Petrobras currently controls 11 refineries in Brazil, four abroad and five which are under construction, such as the one at Abreu Lima, also in northeast Brazil, in partnerships with Petroleos de Venezuela.

Petrobras currently has a refinery capacity of 1.9 million barrels per day, which is close to its total production of around 2 million barrels of oil per day. (macauhub)