MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ENERGY: Brazil Must Rush to Expand Refining Capacity: Minister

ENERGY
Energy BulletsBulletCommodities

Petrobras will speed up its spending plan, investing in new gas pipelines and refining plants, Mines and Energy Minister Alexandre Silveira said Sep. 13, cited by Bloomberg.

  • Brazil must rush to expand refining capacity to achieve self-sufficiency in derivatives.
  • He also added that Brazil is looking to guarantee lower gasoline and diesel prices.
  • Silveira said that Petrobas’ Rota 3 operations will allow Brazil to cut back on injecting natural gas from the pre-salt fields into wells to boost crude production.
77 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Petrobras will speed up its spending plan, investing in new gas pipelines and refining plants, Mines and Energy Minister Alexandre Silveira said Sep. 13, cited by Bloomberg.

  • Brazil must rush to expand refining capacity to achieve self-sufficiency in derivatives.
  • He also added that Brazil is looking to guarantee lower gasoline and diesel prices.
  • Silveira said that Petrobas’ Rota 3 operations will allow Brazil to cut back on injecting natural gas from the pre-salt fields into wells to boost crude production.