Petrobras Allocates Investment to Boost Refining Industry in Brazil
CORDOBA, ARGENTINA--November 27, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) is advancing its RefTOP Program, which was created 2021 to improve the efficiency and operational performance of the company´s refineries as well as increasing output of products such as diesel. The program has doubled its budget to more than US$7 billion worth of investments planned for the downstream sector. RefTOP aims to perform upgrades and modernization projects through 2027 at its REPLAN, RPBC, REDUC, RECAP and REVAP refineries.
