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Home American oil company to invest BRL 1 billion in new refinery, in Espírito Santo

American oil company to invest BRL 1 billion in new refinery, in Espírito Santo

20 May 2019 to 01: 00
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The oil company Oil Group Exploração e Produção intends to invest BRL 1 billion in Espírito Santo to create a modular mini-refinery next to Porto Central, in Presidente Kennedy, in the south of the state.

The project, which is under study, was announced this Thursday, May 16, in a meeting with the Secretary of State for Development, Heber Resende. During the meeting, representatives of the multinational explained that the company's refining capacity is 20 barrels of oil per day, with the possibility of reaching 50.

The group has been operating in the country since 2011, focusing on oil exploration in deep waters and intends to invest around 1 billion reais. The idea is for the plant to be located in the Porto Central area, a project that should be built in Presidente Kennedy, in the south of the state.

According to the secretary, the State is interested in attracting refineries of this size. “We expect large production in the Jubarte field after the agreement with Petrobras. Allied with other exploration companies, we want to create an increasingly favorable business environment for investors, further strengthening the image of Espírito Santo as an oil state.”

According to the CEO of the company Oil Group Exploration and Production, Fabiano Diagoné, the advantage of Espírito Santo is its strategic location, which favors the creation of these investments.

“We are looking for opportunities across the country. However, we consider that Espírito Santo is at an economic moment ahead of other states, with recognized fiscal balance, in addition to having a very favorable location for our logistics,” he declared.

Diagoné also said that, at the moment, the project is undergoing a feasibility study, with some customers and suppliers already identified where expectations are very good.

central port

Porto Central is a joint venture between the Port of Rotterdam and TPK Logística, which will be built at the port in the municipality of Presidente Kennedy, in the south of Espírito Santo. It is a world-class private industrial-port complex with deep waters.

It will be a multipurpose undertaking and will provide infrastructure for the installation of several port terminals, generating around 4.700 direct jobs during the construction phase. The investments foreseen in the first phase will be around R$ 3,5 billion.

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