20 March 2013 23:02 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil state-run oil company Petrobras said on Wednesday that it is still interested in having Petroleos de Venezuela (PDVSA) as a partner for the Abreu e Lima refinery, which will be located in the Brazilian city of Ipojuca, Pernambuco.
Brazil's Valor reported on Tuesday that Petrobras CEO Maria Foster had asked for a meeting with PDVSA to talk about the participation of the Venezuelan company in the project.
Petrobras on Wednesday would neither confirm nor deny the news report.
"[Petrobras] continues waiting a definitive positioning [of PDVSA] for the resolution of [its] financial questions," the Brazilian company said.
On 16 February 2012, Petrobras said it was expecting a June 2013 start-up for the first stage of its Abreu e Lima refinery near Recife.
The second stage should start operations in January 2014, the company said.
The refinery, also known as the Refinaria do Nordeste (RNEST), will have a processing capacity of 230,000 bbl/day, Petrobras said.
Petrobras had planned to develop the refinery with PDVSA, which would own a 40% stake in the project.
However, PDVSA has been unable to secure a $10bn (€7.8bn) loan to pay for the stake. In 2012, it missed another deadline to secure the loan.
The Abreu e Lima refinery is among several that Petrobras could build in Brazil.
Operations should start in September 2014 on the first phase of a new refinery at the Complexo Petroquimico do Rio de Janeiro (Comperj). The refinery could have a processing capacity of 230,000 bbl/day.
Additional reporting by Al Greenwood
($1 = €0.78)
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