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20031-912 - Rio de Janeiro, RJ
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Construction work for Premium | Refinery in Maranhão kicked-off
Rio de Janeiro, January 15, 2010 – Petróleo Brasileiro S.A. - Petrobras announces it kicked-off construction work for the Premium I Refinery today.
The Premium I Refinery, to be deployed in the Municipality of Bacabeira (state of Maranhão), 60 kilometers away from the future São Luís Terminal, will be one of Petrobras' four new refining units in Northeastern Brazil. The project is aimed to increase domestic production and to facilitate the regional distribution of high-quality fuel derivatives, such as diesel fuel, aviation kerosene (QAV), petrochemical naphtha, liquefied petroleum gas (LPG), bunker (fuel for vessels), and coke.
Capable of processing 600,000 barrels per day, Premium I will refine the equivalent of one third of all domestic oil currently produced by Petrobras. The Refinery will go on stream in two phases - the first, with a capacity to process 300,000 barrels per day, is foreseen for September 2013, while the second for September 2015. It will have a pipeline range and a port terminal to receive oil and offload oil products.
www.petrobras.com.br/ri For more information: PETRÓLEO BRASILEIRO S. A. – PETROBRAS
Relacionamento com Investidores | E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br
Av. República do Chile, 65 - 2202 - B - 20031-912 - Rio de Janeiro, RJ | Tel.: 55 (21) 3224-1510 / 9947 | 0800-282-1540
This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
PETRÓLEO BRASILEIRO S.A--PETROBRAS |
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that are not based on historical facts and are not assurances of future results. These forward-looking statements are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results o
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