Petrobras in new refinery record

Tuesday, May 28, 2013

Brazil's Petrobras (NYSE: PBR) has set a new daily processing record of 2.17Mb of oil from local refineries, the state-run energy company said in a statement.

The mark was achieved on May 26, surpassing the previous high of 2.15Mb set on April 7.

"The result contributed to a reduction in derivative imports while reaffirming our continuous efforts to increase the operational efficiency of our refineries and integrate the supply chain," Petrobras said.

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The Rio de Janeiro-based company added it had respected laws relating to operational health and safety in stepping up production.

Petrobras currently operates 11 refineries in Brazil, the largest being the 360,000b/d-capacity Replan facility in the state of São Paulo, which is responsible for 20% of the country's total oil output.

Another four refineries are set to begin operating by 2018: Comperj, in Rio de Janeiro state, Abreu e Lima (Pernambuco), Premium I (Maranhão) and Premium II (Ceará).