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Petrobras (NYSE:PBR) stated Wednesday it plans to complete the expansion of Prepare 1 of its Abreu e Lima refinery in Q1 2025, almost a decade after the mission was stopped through the large “Automotive Wash” corruption scandal.
Work on the refinery’s second prepare is scheduled to start out on this yr’s H2 and conclude in 2028, the corporate additionally stated.
The primary prepare will enhance the refinery’s capability by 15K bbl/day to 115K bbl/day, and when the second prepare is concluded, capability will attain 260K bbl/day.
Abreu e Lima at the moment represents ~6% of Petrobras’ (PBR) complete refining capability in Brazil.
The enlargement is a part of the corporate’s wider effort to spice up gas manufacturing and decrease the nation’s dependency on imports, Petrobras (PBR) President Jean Paul Prates stated.