Brazil Petrobras postpones startup of Comperj refinery to 2016

06 June 2013 19:40  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Petroleos Brasileiros (Petrobras), Brazil’s state-owned oil giant, said on Thursday that the new completion date for the Comperj project has been delayed until August 2016,



"This change was necessary to allow for project modifications, including access points for transportation of plant and equipment," Petrobras said in an emailed statement.

In March, Petrobras confirmed that the project was on schedule, dispelling a report about delays because of high production costs.

Brazilian newspaper Valor reported on Wednesday that the president of Petrobras, Graca Foster, said the postponement was due to the difficulty in defining the means of access of large equipment unit.

The change of raw materials, from heavy oil in the Campos Basin to pre-salt natural gas also has delayed the project, as well as employee strikes, the newspaper reported.

The state-owned energy company has reported that it is targeting $236.5bn (€179.7bn) worth of investments during the five-year period, of which $65.5bn is earmarked for refining, transportation and commercialisation of oil derivatives.

Petrobras’ Comperj project, which is currently under construction, would include two refineries and a number of downstream petrochemical units that will produce ethylene, propylene, polyethylene (PE), polypropylene (PP) and other chemicals.

The first 165,000 bbl/day refining train at the site was due to start operations by 2015, while a bigger 300,000 bbl/day train is slated to start up by 2018.

($1 = €0.76)



By: Leela Landress
+1 713 525 2653



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