Petrobras Completes Maintenance Shutdowns at Refineries

Source: 12/8/2021, Location: South America

Petrobras invested around R$ 2 billion, throughout 2021, in preventive maintenance in its refining park. In all, more than 4,000 pieces of equipment were inspected at all of the company's refineries. The main objective of the investment is to ensure safety and operational continuity, as well as to adjust the production capacities of the units and promote improvements in the facilities.

The stops were concentrated in the second quarter of 2021 with some shares still in the third quarter. After completing the maintenance campaigns, Petrobras resumed the high level of fuel production. In the months of October and November, the average monthly production of gasoline at Petrobras refineries rose 17% compared to the second quarter and diesel production grew 8% in the same period.

In November, the refinery load factor closed at 87% of capacity, 12 percentage points above the second quarter. Petrobras always seeks the most efficient use of its assets and the level of processing may fluctuate, depending on the availability of equipment, the economy of operations and customer service.

Therefore, the level of processing at refineries is planned based on availability and types of oil, refinery capacity and logistical assets, as well as demand forecasts. Based on technical criteria, the system points out the solution with the best economic result for the entire park.

future investments

Petrobras announced, in its Strategic Plan 2022-2026, that it will invest US$ 6.1 billion in refining over the next five years. Projects will be implemented to position the company among the best refiners in the world, in terms of efficiency and operational performance, with products with higher added value and lower carbon emissions.

One of the commitments, for example, is to expand production capacity, especially for high-quality derivatives, such as diesel S-10. The Strategic Plan includes three major expansion projects: the completion of the second unit (train) at Refinaria Abreu e Lima – Rnest, which will increase the production capacity of diesel S-10 by 95 thousand barrels per day; the integration between the Duque de Caxias Refinery (Reduc) and GasLub Itaboraí, with an additional capacity of 93 thousand barrels per day of S-10 diesel and aviation kerosene (QAV) and 12 thousand barrels per day of higher quality lubricants; a new unit at Replan, in addition to adaptations at Reduc and Revap, with an additional capacity of 132,000 barrels per day of S-10 diesel in the three refineries.

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