Petrobras signs $892 mln in contracts to complete RNEST refinery expansion
SAO PAULO, June 16 (Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 million) for the completion of a new refining unit at its RNEST refinery.
The agreements, signed with engineering firm Consag, include the construction of associated infrastructure, such as a diesel hydrotreatment unit, Petrobras said in a statement.
This initiative is part of Petrobras' strategy to build "Train 2" at RNEST, a new refining unit projected to double the refinery's current installed capacity.
The new facilities are expected to become operational in 2029, according to Petrobras.
($1 = 5.4916 reais)
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