Home › Forums › Refining Community › Refinery News › Update Petrobras hire 14K workers,Spend$112B -Overtake all but Saudi Producers › RE: Update Petrobras hire 14K workers,Spend$112B -Overtake all but Saudi Producers
Here is Update Petrobras Upstream expanding capabilities to match new fields. Might be work potential for Companies with Brazil presence – especially if Brazilian workers to lead efforts?
Also ties recent news (see Valero Krotz Refinery sale comments) that Petrobras will purchase Valero Aruba after May 9 board approval. And of Petrobras plans to “Sync” Pasadena with Aruba (aka lacks FCC) – which makes no sense to me since Pasadena only has complexity of 8.4 not much above Arubas 8.
And if some Petrobras offshore heavy crude finally gets into Pasadena – both FCC & Coker are too small. Pasadena has to get project on both units for purchase Pasadena make sense – especially with this crude news focus. Also Aruba has put in at least FCC or sell gasoil to market (PDVSA sold several gasoil cargoes to US Gulf 2007 when PRC units were down so intermediate market would purchase it over crude since it is likely priced off products price instead of crude price delta).
If Petrobras buys Aruba – I’d look for either Pemex to lose 100 MBD Maya sales & be replaced by Petrobras heavy crude finds or to replace Aruba’s other half crude supply (or both?) and that would definitely require more FCC capacity than Pasadena would have.