Petrobras proposed to train its refineries to produce diesel oil with less sulfur content, this project will cost the oil company US$ 1,4 billion

The executive manager of Logistics at Petrobras, Mauro Mendes, announced that the state-owned company is going to invest US$ 1,4 billion to qualify its refineries to produce diesel oil with less sulfur content. The executive will participate in the Brazilian Institute of Petroleum, Gas and Biofuels (IBP) event to present the Riopipeline fair, which will take place in September.

“We will have some important investments in the refinery, in the sense of guaranteeing the low sulfur content in the diesel. Several investments are being programmed, on the order of US$ 370 million in logistics, and US$ 1,4 billion in refining”, informed the Petrobras manager in his lecture.

In addition, he highlighted some investments in logistics. “We will continue to invest strongly. We are launching the first stage of our pipeline master plan, with the construction of two new sections, one for LPG and another for oil in the state of São Paulo, installing pumps in Cubatão. We will enable the supply of QAV in Brasilia”, he added.

The proposal is to use more pipelines than trucks to supply the Federal District with aviation fuel.

Government wants to auction oil and gas blocks beyond the 370 km limit of Brazil's continental shelf and increase reserves by 50%.

Brazil will have a 'pre-salt mirror' for sale in the next two years. An area the size of Uruguay has already been recognized. A new frontier for oil exploration in an area the size of the pre-salt layer is in the government's sights for the private sector. The Ministry of Mines and Energy intends to include in auctions, over the next two years, exploratory blocks at sea beyond the limit of 200 nautical miles (about 370 kilometers from the coast) established by the United Nations (UN) as the country's economic exclusivity area .

The main focus is the strip close to the pre-salt layer. Experts calculate that the exploration of this maritime area could increase the volume of oil and gas reserves in Brazil, currently estimated at 15,9 billion barrels, by 50%.

The studies are advanced and will be auctioned in 2020 or 2021, for the first time, blocks that can extend up to the limit of 350 nautical miles, almost 650 kilometers from the coast. The greatest potential seen is in the strip adjacent to the pre-salt layer, in the Santos Basin, in the Southeast.

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