American Oil Company To Invest R$ 1 Billion In New Refinery In Espírito Santo

Written by Paulo Nogueira

Published on 20/05/2019 at 01:00

Updated on 19/05/2019 at 18:53

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The Oil Company Oil Group Exploration and Production Plans to Invest R$ 1 Billion in Espírito Santo to Create a Modular Mini-Refinery Near 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 State Secretary of Development, Heber Resende. During the meeting, representatives from the multinational explained that the company’s refining capacity is 20,000 barrels of oil per day, potentially reaching 50,000.

The group has been operating in the country since 2011, focusing on deepwater oil exploration, 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 is to be built in Presidente Kennedy, in the South of the State.

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

According to the CEO of 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 throughout the country. However, we believe that Espírito Santo is currently in 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 stated that the project is currently undergoing a viability study, with some clients and suppliers already identified where expectations are very good.

Porto Central

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 southern Espírito Santo. It is a private deep-water industrial-port complex of world-class standards.

This will be a multi-purpose venture and will provide infrastructure for the installation of various port terminals, generating about 4,700 direct jobs during the construction phase. The investments planned for the first phase will amount to R$ 3.5 billion.

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American Oil Company To Invest R$ 1 Billion In New Refinery In Espírito Santo

The Oil Company Oil Group Exploration and Production Plans to Invest R$ 1 Billion in Espírito Santo to Create a Modular Mini-Refinery Near Porto Central, in Presidente Kennedy, in the South of the State.

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