17 May 2012 23:18 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--The strikes at Petrobras's Comperj construction site during the first three months of 2012 helped cause its investment spending to drop in the first quarter, the company said on Thursday.
First-quarter investments fell by 17% from the fourth quarter, the company said.
According to Petrobras’s supply director, Jose Carlos Cosenza, the reduction was caused mainly by the strikes at the Comperj petrochemical complex. He made his comments during an earnings conference call.
When completed, the Complexo Petroquimico do Rio de Janeiro (Comperj) will have two refineries as well as several units that will produce olefins, aromatics, polyolefins and glycols.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections