The refining units of Petrobras (PETR4) reached a Total Utilization Factor (FUT) of 95% in May, the best monthly index since July 2015, according to a statement released this Wednesday.
In some days, in the second half of the month, the level reached over 99%, added the company.
The total refining utilization factor considers the oil load volume actually processed and the refineries’ reference load, that is, their operational capacity.
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According to Petrobras’ Director of Industrial Processes and Products, William França, the company’s refining, logistics and commercialization areas work to increase processing capacity, without neglecting safety.
“We are working to further improve our derivatives, modernize the refineries and reduce the environmental impact of operations, with maximum safety”, he declared in a note.
May’s performance was recorded even with scheduled maintenance stoppages at the RPBC (Cubatão-SP), Refap (Canoas-RS), Reduc (Duque de Caxias-RJ) and Replan (Paulínia-SP) refineries, the company said.
Source: Moneytimes
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