Petrobras Produces Record Amounts of Gasoline, Diesel in 2024

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian energy firm Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) produced 24.4 billion liters of gasoline in 2024, surpassing the previous record of 24.2 billion liters from a decade ago. Similarly, production of low-sulfur diesel fuel, known as S-10, reached historical volumes of 26.3 billion liters, breaking the 2023 record.

The 207,000 barrel-per-day (BBL/d) capacity Presidente Getulio Vargas Refinery (REPAR) in Parana produced significant gasoline volumes, accounting for 3.5 billion liters. Likewise, the 178,000-BBL/d Presidente Bernardes refinery (RPBC) in Sao Paulo produced high S-10 diesel volumes, reaching 3.8 billion liters in 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Plant Database can click here for the REPAR plant profile and here for the RPBC plant profile.

The record fuel volumes were the result of a high refinery utilization factor (FUT) across the company's downstream units, which stood at 93.2% in 2024, compared to 92% the previous year.

The state-run company also set a record for the highest pre-salt oil volumes processed at the refineries, accounting for 70% of the oil refined, compared to the previous record of 66% in 2023.

The downstream sector will play a crucial role for Petrobras in the next few years. According to Petrobras' strategic plan for 2025-2029, the energy company seeks to increase refining processing capacity by 292,000 BBL/d through the revamp of Train 1 and the implementation of Train 2 at the Abreu e Lima refinery (RNEST) and through enhancements of other refineries. GMI subscribers can click here for the related project reports and here for the plant profile.

The company expects to boost S-10 diesel production capacity by 290,000 BBL/d through revamps in some of its downstream assets and new units.

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