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Guyanese oil has also been processed at the Mataripe refinery, formerly known as RLAM (Image: Petrobras)

Petrobras prepares to receive

first cargo of Guyanese crude

BRAZIL’S national oil company (NOC) Petro- international oil market looking for different
bras is due to take delivery of its first cargo of suppliers and new production worldwide,” she
Guyanese light sweet crude for domestic refin- was quoted as saying in the statement.
ing before the end of this week. The NOC went on to say that it chose differ-
In a statement sent to Reuters, the company ent grades of crude “depending on economic
confirmed that its first 1mn barrel load of Guy- scenarios, trying to identify those that can
anese oil had departed from the Liza-1 offshore meet domestic and international demand [for]
field in mid-June. The crude was transferred refined products, aiming at greater profitability
from the Liza Destiny, the floating production, for Petrobras.”
storage and off-loading (FPSO) vessel that is The first Brazilian company to import
supporting development operations at the field, Guyanese crude for domestic refining was the
to a Bahamas-flagged tanker known as the Cas- Mataripe refinery, controlled by Acelen, an affil-
cade Spirit for shipment to Brazil, it said iate of Mubadala Capital (UAE/Abu Dhabi).
The Cascade Spirit is due to deliver these vol- Since the start of this year, the Mataripe plant
umes to Petrobras by the end of June, Reuters has purchased two cargoes of oil from Guyana
added, citing data from Refinitiv Eikon. for processing in its 333,000 barrel per day (bpd)
Petrobras did not say where it expected plant, which is located in Bahia State.
to receive or process the Guyanese oil. But a Petrobras sold the Mataripe facility, for-
spokesperson for the state-run company did say merly known as the Landulpho Alves Refinery
that the NOC had bought the light sweet crude (RLAM), to Acelen, in 2021. This marked its first
within the framework of ongoing efforts to opti- successful sale of a downstream oil-processing
mise its supply mix. asset within the framework of a $20-40bn pri-
“Petrobras constantly monitors the vatisation programme. ™

Brazil mulls buying Russian diesel

BRAZILIAN President Jair Bolsonaro said on with his Russian counterpart, Vladimir Putin,
June 27 that his government might be willing Bolsonaro indicated that the matter was under
to buy diesel from Russia, as that country was consideration. “There are chances that we will
willing to supply the fuel at an attractive price. buy diesel from there, which is at a more con-
Speaking after a telephone conversation venient price,” he stated.

P10 www. NEWSBASE .com Week 26 30•June•2022