Petrobras expected to spend $1.4 billion in refining and $370 million in logistics over the next few years. The information was announced Tuesday by logistics executive manager Mauro Mendes, who added that the stateowned oil company plans to continue investing “firmly” in refining despite a plan to shed eight plants. Two new pipelines are in the plans, one for liquefied petroleum gas and another for oil in São Paulo state, with pumping facilities in Cubatão. “We are going to provide aviation fuel supplies to Brasília through [pipeline] Osbra, increasing our efficiency and cutting costs.” He also cited refining investments in low-sulfur diesel. The president of Transpetro, Antonio Rubens, also attended the same Brazilian Oil Institute event in Rio de Janeiro and said the company would position itself to provide services to the new operators of the company’s former refineries.
Source: Valor Econômico