Brazil’s Petrobras revises Comperj, refining projects

25 June 2012 21:29  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil’s state-run oil company Petrobras is reviewing projects at its Complexo Petroquimico do Rio de Janeiro (Comperj) complex, as well as its Premium I and Premium II refineries, the company said on Monday.

Petrobras CEO Maria da Graca Foster said the cost, timing and scale for all the projects will be reviewed.

The company did not release specific details about the changes.

However, Foster said project delays are possible, depending on the availability of financial resources.

Petrobras’s refining executive manager Jose Carlos Cosenza said the Premium I and Premium II refineries as well as the second refinery train at Comperj will not be completed before 2017.

The project at Comperj's first refinery train could begin by 2016, the company said. Petrobras originally targeted 2014 for the project.

By: Leo Siqueira
+1 713 525 2600

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