(hydrocarbon processing) -- Brazilian Petrobras plans to launch the first of its new refineries in November 2014, the company said on Wednesday. The second line will be put in operation in May 2015. The refinery will add 230,000 bpd of processing capacity.
Currently, Petrobras processes about 2 million bpd at 12 refineries.
Petrobras will invest USD71.6 billion in its downstream operations through 2016. The investments are part of the company's USD237 billion spending plan for 2012-2016.
Petroleo Brasileiro S.A. or Petrobras is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It is the largest company in the Southern Hemisphere by market capitalization and the largest in Latin America measured by 2011 revenues.
MRC