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Petrobras Refineries Near Peak Capacity in October
31 Oct
Summary
- Petrobras refineries operated at 98% utilization in October.
- This rate is close to the 99% achieved in the prior quarter.
- The company aims to reduce its reliance on imported oil products.
Brazil's state-run oil firm, Petrobras, operated its refineries at a near-maximum capacity of 98% during October. This high utilization rate closely mirrors the 99% performance observed in the preceding third quarter.
The sustained near-peak operation reflects Petrobras' strategic objective to minimize the need for imported oil products. The refineries are functioning at their highest practical levels while maintaining strict adherence to safety protocols.
William Franca, director of industrial processes and products at Petrobras, confirmed these operational figures in a recent interview, emphasizing the company's commitment to efficient production and import reduction strategies.
