Refining And Natural Gas Director Ensures Petrobras Remains Competitive In The New Refining Market

Written by Paulo Nogueira

Published on 02/12/2020 at 19:42

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Petrobras Will Maintain Processing of 1.1 Million Barrels of Oil Per Day After Sale of Eight Refineries, Anelise Reported During Rio Oil & Gas

The director of Refining and Natural Gas at Petrobras, Anelise Lara, assured that the company will continue to be a strong competitor in the new refining market in Brazil, which will form in the coming years after the sale of eight out of a total of 13 refineries currently managed by Petrobras. The statement was made on Wednesday (12/2) during the panel “The New Downstream Market” at Rio Oil & Gas, the largest event in the sector in Latin America.

“We will continue with 1.1 million barrels of oil being processed per day. We have already taken various actions in energy efficiency, decarbonization, digital transformation, and we have also developed more advanced products,” Anelise stated, who sees the challenge for Petrobras as preparing the teams for this new scenario. “Since we have had the monopoly for so many years, we have procedures that will need to be changed for us to become more competitive. We need to gain flexibility while maintaining governance and the integrity of processes,” said the executive.

An example of success that can be adopted for this cultural change, according to the director, is what has been observed regarding operational safety. The Recordable Incident Rate for the Refining and Natural Gas area reached 0.3 per million man-hours, while the global average is 0.9. “We achieved this result because safety is an intrinsic value for us, it’s in our blood. Now, we must strive for lower costs and better operational performance. With these values and guidelines, we will certainly be a strong competitor,” the director predicted.

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Petrobras Divestments and Energy Transition

The Brazilian downstream market will be altered by two major movements, according to Anelise: Petrobras’ divestments of half of its refining capacity and the energy transition, which will demand new products such as renewable diesel and BioJet fuel. “It will be a completely different market. Today, we only compete with importers, but there will also be competition among refineries. This will bring new players and more investments in logistics, technology, and new products,” the director explained.

Petrobras has already received final offers for the purchase of four refineries and expects to receive proposals for two more this year. The remaining two units are expected to enter the final sales phase in the first quarter of 2021.

Refining And Natural Gas Director Ensures Petrobras Remains Competitive In The New Refining Market

Petrobras Will Maintain Processing of 1.1 Million Barrels of Oil Per Day After Sale of Eight Refineries, Anelise Reported During Rio Oil & Gas

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Petrobras Divestments and Energy Transition

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Refining And Natural Gas Director Ensures Petrobras Remains Competitive In The New Refining Market

Petrobras Will Maintain Processing of 1.1 Million Barrels of Oil Per Day After Sale of Eight Refineries, Anelise Reported During Rio Oil & Gas

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