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REFAP EXPANSION AND UPGRADING

Signature(s)

Amount
€ 54,034,320.78
Countries
Sector(s)
Brazil : € 54,034,320.78
Industry : € 54,034,320.78
Signature date(s)
5/04/2005 : € 54,034,320.78
Link to source

Summary sheet

Release date
30 July 2004
Status
Reference
Signed | 05/04/2005
20030576
Project name
Promoter - financial intermediary
Refinaria Alberto Pasqualini expansion and upgrading project
Refinaria Alberto Pasqualini (REFAP). REFAP is owned by Petroleos Brasileiro S.A. and Repsol YPF Brasil S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 70 m (approx EUR 58 m).
USD 150 m (approx EUR 125 m).
Location
Sector(s)
Description
Objectives

Technical and environmental upgrading of a refinery located in the State of Rio Grande do Sul.

The objective is to increase the production, improve the quality of fuels and reduce the emissions to air from the refinery.

Environmental aspects
Procurement

A formal environmental impact study was required by the Brazilian regulation. As outcome the environmental and construction permits were granted.

The procurement programme is completed due to the advanced implementation status. The procurement procedures applied seem to have followed usual practices in the sector and appear acceptable to the Bank for a private sector operation. This will be verified during appraisal.

Comments

Oil and Gas.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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