Brazil-Venezuela Joint Venture Will Make Brazilian Northeast Self-Sufficient in Oil

The construction project for an oil refinery in Industrial and Port Complex of Suape, in the metropolitan region of the city of Recife, capital city of the northeastern Brazilian state of Pernambuco, starts taking shape as of today, when the undertaking’s fundamental stone was launched by presidents Luiz Inácio Lula da Silva of Brazil, and Hugo Chávez of Venezuela.

The construction should start in 2007, according to the state’s government, which estimates that the undertaking will generate 10,000 direct jobs during the building phase and 1,500, when in operation in 2011.

The unit will have the capacity of processing up to 200,000 barrels of oil per day. The oil will be transported in ships both from the Campos Basin, in Rio de Janeiro (southeast of Brazil), as from Venezuela.

The idea is to supply the markets in the North and Northeast of Brazil with oil products, especially diesel oil, to reduce exports of these products.

The refinery received the name of Abreu e Lima in homage to the general from Pernambuco who fought for the independence of the Latin American countries like Venezuela, under the command of Simon Bolivar.

The refinery will transform heavy oil into products such as naphtha, gasoline, diesel, airplane kerosene and cooking gas.

According to Petrobras, the unit will produce fuels with less sulfur content and was projected to make the Northeast of Brazil self sufficient in oil products.

The construction will be financed together with Petrobras and the Venezuelan state owned oil company PDVSA.

Agência Brasil

Tags:

You May Also Like

Cover of At Home in Rio by Paulo Thiago de Mello

From Slums to Mansions: a Full-Body Portrait of Rio, Brazil

"Quiet talks and quiet dreams/Quiet walks by quiet streams/And the window looking on the ...

One Year Later Relatives of Brazilian Slain by London Police Feel no Closure

Family and friends of a Brazilian man who was mistaken by London police officers ...

Bush’s Win Good for Business, says Brazil

The International Relations manager of the Brazil/US Chamber of Foreign Commerce, Fábio Rua, affirmed ...

Press Too Cozy to Power in Brazil

Brazil’s National Federation of Journalists is asking the government to forward to Congress a ...

Brazil’s Petrobras Overtakes Shell to Become World’s 4th Largest Energy Co

Brazilian state-controlled oil and gas multinational Petrobras has risen from the ninth to the ...

French Heritage Allowed to Sell Silicone Breasts in Brazil

France-based Heritage Worldwide Inc, a top-three provider of breast implants internationally, yesterday announced that ...

Brazil to Produce Extra 1.8 Million Barrels of Oil a Day by 2022

The world in order to meet the growing demand for oil, will need a ...

Brazil New Money Is Counterfeit Unfriendly, But Friendly to Blinds

Brazil’s new bank notes of 50 and 100 reais, presented this Wednesday to the ...

Brazil’s Gun Referendum Exposes Country’s Open Wound of Violence

The legalization or ban of guns and ammunition trade is the putative matter to ...

Brazil’s Bar Calls for Criminal Probe and Possible Impeachment of Lula

The council of Brazil’s federal Bar Association (Conselho Federal da Ordem dos Advogados do ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`