Refinery estimates pile up

Gordon, Michael
September 2006
ICIS Chemical Business;9/25/2006, Vol. 1 Issue 36, p26
Trade Publication
The article provides information on an announcement made by Petrobras that it has raised the cost estimate of its proposed Rio de Janeiro Petrochemicals Refinery by $2bn from the original estimate of $6.5bn, following the conclusion of the initial feasibility study. Jose Lima de Andrade Neto, head of Petroquisa, said that the increase in price was a normal event given the state-of-the-art technology that would be incorporated in the project.


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