UPDATE 1-Petrobras says to cost $4.3 bln to finish Comperj refinery

jueves 27 de agosto de 2015 14:06 GYT

* Comperj refinery has already cost Petrobras $11 bln

* Refinery may open in 2020, earlier if partner found

* Petrobras refinery to be one of most expensive ever (Adds Petrobras comment paragraphs 2 and 8, refinery information paragraph 3,4,5,6,7)

By Rodrigo Viga Gaier

RIO DE JANEIRO, Aug 27 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA on Thursday said it would cost an additional $4.3 billion to complete the first 165,000 barrel-a-day operating unit at its stalled Comperj refinery project outside Rio de Janeiro.

Petrobras, as the company is known, expects to complete the first unit or "train" at the plant in Itaboraí, Brazil in 2020, its refining chief Jorge Celestino Ramos said during hearings at the Rio de Janeiro-state legislature. The work could be finished sooner if Petrobras can find a partner to help complete the refinery, Ramos added.

The refinery, located in Itaboraí, Brazil is more than 80 percent complete. It was supposed to enter operation in August 2016, according to the Petrobras website.

With Petrobras already having spent $11 billion on the first unit, the cost of completion will rise to $15.3 billion, according to information provided by Petrobras at the hearing.

At an estimated cost of about $93,000 for each barrel of refining capacity added, Comperj will be one of the most expensive oil refineries ever built.   Continuación...