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OTC: Petrobras Eyes Extra Refining Capacity

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Petrobras could resolve as early as its board assembly Friday if it will buy Valero Energy’s refinery in Aruba, officials with Brazil’s nationwide oil company stated in the present day.
The company’s administrators will discuss whether to maneuver forward with plans to purchase the 275,000 barrel per day refinery, company leaders stated.
But “we will not be committed to decide,” mentioned Petrobras CEO Jose Sergio Gabrielli De Azevedo throughout a press conference on the Offshore Expertise Convention.
In November, Valero mentioned it was exploring strategic alternate options for its Aruba plant, which is projected to be price upwards of $four billion.
Petrobras’ De Azevedo on Tuesday reiterated the company’s goal to extend its global refining capacity from 1.9 million barrels per day to 3 million barrels per day by 2015. That’s roughly the equal of three new refineries.
He mentioned Petrobras can be in negotations to extend its stake in a refinery in Pasadena.
Now a 50 percent proprietor with Astra what is meant by coal gasification Oil, Petrobras is claimed to be contemplating full possession of the 100,000 barrel per day plant, in addition to an expansion what is meant by coal gasification that may double its size.
However company officials wouldn’t elaborate on negotiations.
Nor would would they comment on current word by Haroldo Lima, head of Brazil’s National Petroleum Agency, that the company’s deepwater Carioca discipline might what is meant by coal gasification hold up to 33 billion barrels of oil. If confirmed, the sphere would be one among the most important on the planet.

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