Petrobras' Production to Top 3MM B/D in 2015

Petrobras’ Downstream Director, Paulo Roberto Costa, stated on Monday that the Company does not intend to be a major oil exporter, rather, to export derivatives of higher market value.

While participating in the "Integrating Oil Refining and Petrochemicals" panel, during the 14th edition of the Rio Oil & Gas, Costa guaranteed that in 2015 the company will produce, in Brazil and abroad, more than 3,000,000 barrels per day, 50% more than the 2,000,000 it currently produces.

According to the director, the refining capacity will be increased with the new units that are being built in Brazil. In the upcoming years, Petrobras will have five new refineries: Premium I (MA), with capacity to process 600,000 barrels of oil per day, Premium II (CE), at 300,000 barrels, the Guamaré Refinery (Rio Grande do Norte), 30,000, and the Abreu e Lima Refinery (Pernambuco), which will process 200,000 barrels, half of which coming from the Campos Basin, the other half in Venezuela. Costa included in this calculation the Rio de Janeiro Petrochemical Complex (Comperj), which will be able to process 150,000 barrels of oil per day.

The director said the Company will deliver the section between Ribeirão Preto and Paulínia, of the ethanol pipeline that connects Senador Canedo (Goiás) to São Sebastião (São Paulo), in 2010. "This project is expected to be ready in a couple of years and will probably deliver the section between Paulínia and Senador Canedo too," he said.

Costa also highlighted the investments made in ecologically correct fuels. "In our planning, we foresee investing $8.5 billion only in improving the quality of the gasoline and of the diesel fuel at the refineries,” he completed. According to the director, Petrobras’ goal is to produce fuels with less sulfur content, such as the diesel fuel with 50 ppm.