Release date: 30 July 2004
Promoter – Financial Intermediary
Refinaria Alberto Pasqualini (REFAP). REFAP is owned by Petroleos Brasileiro S.A. and Repsol YPF Brasil S.A.Location
Description
Technical and environmental upgrading of a refinery located in the State of Rio Grande do Sul.
Objectives
The objective is to increase the production, improve the quality of fuels and reduce the emissions to air from the refinery.
Comments
Oil and Gas.
Sector(s)
Proposed EIB finance (Approximate amount)
USD 70 m (approx EUR 58 m).
Total cost (Approximate amount)
USD 150 m (approx EUR 125 m).
Environmental aspects
A formal environmental impact study was required by the Brazilian regulation. As outcome the environmental and construction permits were granted.
Procurement
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.
Status
Signed - 5/04/2005
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).