03 May 2011 23:17 [Source: ICIS news]
By Ryan Hickman
HOUSTON (ICIS)--Petrobras’s plan to construct four ammonia and urea plants will provide the Brazillian state-run company with flexibility in monetising its offshore, pre-salt natural gas reserves as well as ushering in self-sufficiency for both commodities, a top executive said Tuesday.
Jose Sergio Gabrielli de Azevedo, Petrobras president and CEO, said the production of associated natural gas from ?xml:namespace>
“More importantly, you can store the urea and ammonia to give you flexibility that you cannot get with natural gas,” Gabrielli said.
Independent reserve estimates for the
Speaking on the sidelines of the Offshore Technology Conference in
Petrobras announced plans in March to build a 519,000 tonne/year ammonia plant in the state of Minas Gerais.
Those reserves also will provide
Last week, Petrobras said development of the
For more information on Petrobras, visit ICIS company intelligence
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