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Petrobras Revives Billion-Dollar Project Abandoned for 16 Years and Promises to Change Brazil: R$ 75 Billion at Stake and 30,000 Jobs on the Horizon

Written by Alisson Ficher
Published on 11/09/2024 at 18:22
Updated on 11/09/2024 at 18:23
Petrobras finaliza o Polo GasLub, antigo Comperj, após 16 anos. (Imagem: reprodução)
Petrobras finaliza o Polo GasLub, antigo Comperj, após 16 anos. (Imagem: reprodução)
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Petrobras Finalizes The GasLub Pole, Former Comperj, After 16 Years Of Paralysis And Corruption Scandals. The Project Now Focuses On Natural Gas Processing From The Pre-Salt, Promising Impact On The Brazilian Energy Market.

After 16 years of waiting and billions in losses, Petrobras has finally brought to life what was once considered one of the greatest symbols of corruption in the country.

But what led this energy giant to revive a billion-dollar project that many considered dead? Will the Comperj really fulfill its promises this time?

Last Friday (06), Petrobras received authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start receiving natural gas from the pre-salt fields at the now-called GasLub Pole Itaboraí.

The work, initiated in 2008 and marked by corruption scandals, is being completed, but with a scope very different from what was originally planned.

R$ 75 Billion And 30 Thousand Jobs: What Remains Of The Original Dream?

The Comperj project, which envisioned a large petrochemical complex, has been reduced to a natural gas processing unit. The official inauguration is scheduled for this Friday (13), and the event will be attended by President Luiz Inácio Lula da Silva.

The goal? To process natural gas extracted from the pre-salt fields, brought by a 355-kilometer gas pipeline, mostly subsea.

Even with a reduced scope, the impact capacity is impressive. The structures installed at GasLub have the capacity to process 21 million cubic meters of gas per day.

According to the Director of Engineering, Technology, and Innovation at Petrobras, Renata Baruzzi, this volume exceeds the gas imports currently made by the company, meaning that the new pole will significantly contribute to the energy self-sufficiency of Brazil.

The Saga Of Corruption And Paralysis

Comperj was conceived as an ambitious project to attract plastic factories and petrochemical industries to Itaboraí, Rio de Janeiro.

However, the project became one of the greatest symbols of the Lava Jato Operation, with Petrobras being involved in corruption scandals, overpricing, and bribery.

Since 2008, the state-owned company has recorded at least US$ 14 billion in losses related to the venture.

In 2015, the works were halted. During Michel Temer’s government, between 2017 and 2018, Petrobras completely abandoned plans to build refineries at the site, reducing the project’s scope.

Even so, the completion of the UPGN (Natural Gas Processing Unit) and Route 3, one of the parts of the subsea gas pipeline network, faced several interruptions.

The economic crisis caused by the Covid-19 pandemic and disagreements with contractors in 2022 also delayed progress.

New Plans Ahead: The Future Of The GasLub Pole

President Lula is expected to attend the inauguration of the pole next Friday, reinforcing expectations that the government will continue expansion projects at the site.

The 2024-2028 Strategic Plan of Petrobras already provides for the construction of diesel refineries and biofuels, such as aviation bio-kerosene.

The plan is seen as essential for the energy transition of the country and to reduce dependence on fossil fuels.

Despite this, the execution of this strategic plan, which involves investments of US$ 102 billion, was one of the factors that led to Jean-Paul Prates leaving the presidency of Petrobras during Lula’s government.

Magda Chambriard, who took over in June 2024, now has the mission of accelerating these works, including the expansion of the GasLub Pole.

In addition to the refineries, Petrobras also announced plans to build a thermoelectric plant at the site, with the capacity to generate up to 1.867 gigawatts (GW) of energy using natural gas.

The Transformation Of A Sleeping Giant

With a history marked by ups and downs, corruption, and paralysis, Comperj — now GasLub — is finally approaching its rebirth.

And, although the original project has been drastically reduced, the new version of the venture still promises to make a significant impact on the gas and energy market in Brazil.

The question remains: with so many obstacles in the way, will GasLub be able to reach its full potential or will it be just another unfulfilled promise?

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Jose neto
Jose neto
13/09/2024 16:04

Muito cara de **** roubar um banco 2x

Alisson Ficher

Jornalista formado desde 2017 e atuante na área desde 2015, com seis anos de experiência em revista impressa, passagens por canais de TV aberta e mais de 12 mil publicações online. Especialista em política, empregos, economia, cursos, entre outros temas e também editor do portal CPG. Registro profissional: 0087134/SP. Se você tiver alguma dúvida, quiser reportar um erro ou sugerir uma pauta sobre os temas tratados no site, entre em contato pelo e-mail: alisson.hficher@outlook.com. Não aceitamos currículos!

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