Petroleo Brasileiro SA- Petrobras ( (PBR) ) has issued an update.
On March 27, 2025, Petrobras announced the completion of modernization work on Train 1 of the Abreu e Lima Refinery (RNEST) in Ipojuca, Pernambuco. This project, which involved an investment of approximately R$ 93 million, increases the refinery’s processing capacity from 115,000 to 130,000 barrels per day. The expansion aims to enhance the flow of light products and improve the processing capacity for pre-salt oil. RNEST, known for its high conversion rate of crude oil into diesel, will eventually process 260,000 barrels per day with the completion of Train 2. The refinery also began operating a SNOX unit in December 2024, reducing emissions and producing sulfuric acid, contributing to environmental preservation.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is a Brazilian petroleum corporation engaged in the oil and gas industry. The company primarily focuses on the exploration, production, refining, and distribution of oil and its derivatives, with a significant emphasis on the Brazilian market.
YTD Price Performance: 8.23%
Average Trading Volume: 15,817,842
Technical Sentiment Signal: Strong Sell
Current Market Cap: $87.91B
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