Petrobras disposes of gasoline, ' for now '

PORTO ALEGRE-the President of Petrobrás, John Foster, assured on Thursday that "there is no forecast of increase in fuel prices by now", during a news conference at the headquarters of the Federation of industries of Rio Grande do Sul (Fiergs), in Porto Alegre.
"I'm not saying it will be in the medium and long term," he admitted, to explain that the price of Brent oil and the dollar are in the behavior referred to in the company's plan, which does not put the subject under discussion at the moment. "Abrupt Variations do not pass to the price, but trends or observation, yes".
The Executive admitted that "there is still some difference between the prices of the country and the international market, but avoided numeric comparisons. Reminded that many variables help to compose the quotations, including the price of Brent, the exchange rate, the availability of fuel in supplier countries, and to reaffirm that "so Petrobras does not speak about the distance that has between domestic and international prices".
Grace Foster spent the day in Rio Grande do Sul. In the morning presented the business plan and management of 2013 to 2017 for entrepreneurs. In the afternoon, had city trip of Rio Grande, in the South of the State, to verify in loco as they walk the Assembly of platform P-55.
Production. When talking of plans of Petrobrás, the Executive reiterated that the company's production curve is maintained and the plans are "enforceable". The volume of 2 million barrels a day of oil and natural gas liquid (NGL) should rise to 2.75 million in 2017 and 4.2 million in 2020, during which 38 new extraction units will come into operation.
At the same time, processing capacity should rise to 2 million barrels per day to 3 million barrels a day. Three refineries are under construction and four in project. The planned investment up to 2017 are $ 236 billion. There will be no issuance of shares during the period.
Questioned on possible delays to project completion, grace said that is a feature of the oil and gas industry from all over the world make schedule adjustments, common to long-term works that deal with people, equipment, and processes. "We have cases of projects that finished earlier and projects that are delayed more than when we started the planning of them," said, without citing examples. "But they are all manageable."
LLX. State President confirmed that the company can use the Açu port, being built on the northern coast of Rio de Janeiro by LLX. "It's a very well positioned and infrastructure that matter to Petrobras." Among the possibilities would be hiring facilities for gas import, if the site has a cot suitable for operations. What is certain, assured the Executive, is that Petrobras will do "just what depends on it, which is the oil production".