[Translation by ChatGPT]
Petrobras reports progress in the construction of "Trem 2" of the RNEST refinery
Rio de Janeiro, June 16, 2025 - Petrobras has announced that it has awarded the first construction contracts in the "Trem 2" project of the Abreu e Lima refinery (RNEST) in the Brazilian state of Pernambuco. Together with the company Consag Engenharia S.A., three contracts with a total volume of around BRL 4.9 billion (approx. EUR 870 million) were signed. These relate to construction:
a delayed coking plant (UCR),
a diesel hydrodesulphurization plant (UHDT-D) for S10 diesel,
and an atmospheric distillation unit (UDA).
The investments are already provided for in the current 2025-2029 business plan. Further tenders for additional construction lots are currently underway.
The decision to continue with the construction of the second processing complex ("Trem 2") was made after a careful economic review in line with the new business plan and went through the company's internal approval processes.
The capacity data at a glance:
UCR: up to 75,000 barrels/day
UHDT-D: up to 82,000 barrels/day
UDA: up to 130,000 barrels/day
This expansion strengthens the strategic importance of RNEST for the production of high-quality, low-sulphur refinery products - a central component in the modernization of the Petrobras downstream segment.
Commissioning is planned for 2029. This will double the current processing capacity from 130,000 to 260,000 barrels per day. RNEST will thus become Petrobras' second-largest refinery - directly behind Replan (Paulínia refinery).
My conclusion:
1.
🛢️ "Petrobras is expanding refineries - I'm counting on dividends!"
📈 RNEST 2: Comes late, but pays well.
2.
🇧🇷 "Brazil settles - once again in its own way. But as long as the dividends keep flowing, I won't get upset."
💸 Petrobras investor logic 101.
3.
🧱 "RNEST 2 = new refinery construction. I call it a new foundation for my dividend house."
🏠 Energy-Income FTW.
4.
🎢 "Petrobras is like riding a rollercoaster - only with a payout!"
🎟️ Buy the dip, cash the drip.
5.
💥 "4.9 billion for Trem 2? With the divi-flow, you could build a third one."
📬 Greetings from a retired ex-oil student.