Galp investe no seu sistema de refino

Portugal's biggest oil and gas group, Galp Energia, said it would invest EUR 1.4 bn ($ 1.8 bn) until 2010 to upgrade its refining system in the country. The bulk of the spending, around EUR 998 mm, will be used to maintain the existing installed refining capacity at its refineries at Sines and Oporto of 15.2 mm tpy, it said. "Moreover the technical solutions implemented will allow higher incorporation of heavier crudes available at lower prices in the international markets," it said. This investment at the two refineries is projected to have a positive impact on refining margins of $ 3 per barrel, the company said. Galp Energia will also spend EUR 147 mm to build a cogeneration plant with 82 MW of installed capacity at its refinery at Oporto and another EUR 274 mm to boost energy efficiency and processing optimization. (www.petroleumworld.com / AFP)