ANP Says Petrobras’ Refineries Recorded Sharp Drop in Production

According to Petrobras' latest report, refineries operated with a capacity factor of 76 percent last year in March and dropped to 74 percent this year.

RIO DE JANEIRO, BRAZIL - The sudden drop in demand for fuels prompted a sharp reduction in the utilization factor of Petrobras' refineries, which are now prioritizing the production of Liquefied Petroleum Gas (LPG) to supply the domestic market, in addition to importing the raw material, said the director of the National Petroleum, Natural Gas and Biofuels Agency (ANP), Felipe Kury.

Failing to mention the extent of the drop in refineries, Kury repeated data earlier confirmed by the president of the state-owned company, Roberto Castello Branco, of sharp slumps in consumption of aviation kerosene (84 percent), gasoline (35 percent) and . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?