Brazil's state-controlled oil company - Petroleo Brasileiro SA (Petrobas) has started construction of a US$$8.4 bln refinery to process heavy oil from the company's offshore fields into petrochemicals. As per plans, Petrobas will be able to process 150,000 bpd into ethane, benzene, butene and other raw materials at Itaborai, Brazil-based Complexo Petroquimico do Rio de Janeiro in 2012.
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Wednesday, April 02, 2008
Petrobras commences work on US$8.4 bln plant
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