Petrobras signs contracts worth $892m for completion of RNEST refinery expansion

GlobalData

Tue, Jun 17, 2025, 6:34 AM 1 min read

Petrobras has signed three contracts worth approximately 4.9bn reais ($892m) with Consag Engenharia to complete construction of Train 2 at the Abreu e Lima Refinery (RNEST) in Pernambuco, Brazil.

The contracts, awarded through a competitive bidding process, cover the implementation of the coking unit (UCR), diesel hydrotreating unit (UHDT-D) and atmospheric distillation unit (UDA).

This amount is included as part of Petrobras' 2025–29 business plan.

Additional service packages related to the project are still under tender.

The ongoing implementation of Train 2 at RNEST is based on a thorough evaluation of the project, which affirmed its economic appeal in line with the 2025–29 plan.

Petrobas stated that this decision was presented for approval by the appropriate authorities, adhering to the company's governance protocols.

The UCR will be capable of processing up to 75,000 barrels per day (bpd), the UHDT-D up to 82,000bpd, while the UDA will have a capacity of 130,000bpd.

These expansions are critical for increasing the production of high-value oil products and enhancing productivity, as well as for supplying low-sulphur fuels.

Once operational in 2029, these units will double RNEST’s refining capacity from 130,000bpd to 260,000bpd, making it the second-largest refinery in Petrobras' portfolio.

In May, Petrobras reported a 48.6% year-on-year increase in net profit to 35.2bn reais for the first quarter of 2025.

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by 1.7% to 61bn reais, or 62.3bn reais excluding non-recurring items.

"Petrobras signs contracts worth $892m for completion of RNEST refinery expansion" was originally created and published by Offshore Technology, a GlobalData owned brand.

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