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As Of Filer Filing For·On·As Docs:Size Issuer Agent 11/12/04 Petrobras - Petroleo Brasilei… SA 6-K 12/31/04 1:91K MZ Technologies/FA |
Document/Exhibit Description Pages Size 1: 6-K New Plant Startups at Replan and Repar Refineries HTML 15K
| Provided By MZ Data Products |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
New Plant Startups at REPLAN and REPAR refineries
The REPLAN coke plant has a daily processing capacity of 31,000 barrels (bpd) of vacuum residues, a heavy fraction produced from the oil distillation process, with these residues being transformed into lighter distillate products. The plant optimizes the REPLAN’s oil refining activities, especially in the case of domestic crude with a high heavy fraction content, by allowing greater diesel, gasoline, LPG and coke output and reducing the production of fuel oil with a less attractive commercial value. The total investment amounted to approximately R$ 600 millions.
The operation will allow about a 120,000 bpd of domestic oil to be refined more efficiently and reduce both the import of lighter, more expensive oil and also the export of heavy oil and the import of diesel fuel.
REPAR’s HDR unit has an installed processing capacity equivalent to 37.500 bpd and incorporates a generation unit producing 270,000 cubic meters of hydrogen per day under normal conditions. The total investment at REPAR was R$ 400 million.
The unit’s main purpose is to improve the quality of the end product through the catalytic reduction of the sulfur content in diesel oil to below 500-parts per million (ppm). The unveiling of the unit anticipates the adjustment of refining activities to comply with future specifications established by the environmental protection agencies. The unit will also contribute to a marginal increase in REPAR’s total diesel output by allowing the use of refinery throughput, which without this process, could not have been incorporated into diesel oil. In the second quarter of 2004, the Company imported a daily average of 62,000 barrels of oil products, principally diesel oil.
Both investments are in line with the Company’s strategy for making the Downstream area more efficient in its refining activities by adding value to raw materials and focusing on improving the mix of higher value-added and better quality products. The investments are also conducive to the more efficient use of domestic oil resources.
http: //www.petrobras.com.br/ri/english
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PETRÓLEO BRASILEIRO
S.A--PETROBRAS | ||
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By: |
/S/ José Sergio Gabrielli de Azevedo
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José Sergio Gabrielli de Azevedo
Chief Financial
Officer and Investor Relations Director
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture 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 of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
| This ‘6-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
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| For Period End: | 12/31/04 | 20-F, 6-K, 6-K/A | ||
| Filed on: | 11/12/04 | |||
| 11/11/04 | ||||
| List all Filings | ||||