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canada goose coats on sale Petrobras plans talks with GS Caltex uk canada goose on Brazil refinery canada goose coats on sale

buy canada goose jacket RIO DE JANEIRO, Sept 27 (Reuters) Brazil state led oil company Petrobras will hold talks with South Korean American Canada Goose Parka refiner GS Caltex next week about forming a partnership to build an $11 billion refinery in Brazil, sources close to the companies uk canada goose outlet told Reuters on Thursday. buy canada goose jacket

Canada Goose Jackets Executives of the companies are scheduled to begin discussions on Monday in Fortaleza, Brazil, the northeastern costal city near canada goose coats on sale which Petrobras has chosen cheap canada goose uk a site Canada Goose Outlet to build its II low sulfur diesel refinery, two canada goose factory sale sources said. Canada Goose Jackets

canada goose deals GS buy canada goose jacket Caltex, South canada goose uk outlet Korea second largest refiner, is 50 percent owned by Chevron Corp, the No. oil company, and canada goose clearance sale 50 percent by the GS Holdings, the energy and retailing group controlled by cheap Canada Goose South Korea Heo family. canada goose deals

canada goose Soaring costs and stagnant production has led Petrobras to seek partners such as Venezuela PDVSA to help build some of the four refineries it plans to complete in Brazil by 2019. The cost of the Abreu e Lima Refinery near Recife, Brazil, in which PDVSA has agreed to Canada Goose Online take a 40 percent stake, has jumped nearly fivefold since 2008 to $20 billion from canada goose uk black friday $4.3 billion. canada goose

canada goose black friday sale Partnerships are also seen as easing pressure on cash canadian goose jacket needed to finance Petrobras $237 billion five year investment plan, the world largest corporate spending program. canada goose black friday sale

in the face of recent efforts to make its goals more realistic, Petrobras needs partnerships to put its plans in practice because its investment plan is very ambitious, said Mauricio Canedo, head of the Petroleum Economics Center at the Getulio Vargas Foundation in Rio de Janeiro.

Canada Goose Outlet Most of the investment plan, which canada goose coats seeks to more than double canada goose black friday sale Petrobras output to Canada Goose sale about 5.4 million barrels Canada Goose online of oil and natural gas a day by 2020, is focused on exploration and oil production. Refining investments aim to boost refining capacity 78 percent to 3.2 million barrels a day by 2020. Canada Goose Outlet

Canada Goose Parka Petrobras Chief Executive Maria das Gracas Foster, appointed in January with orders Canada Goose Coats On Sale to slash costs and speed up investments, has said that all projects, including canada goose clearance refineries, will not move forward until minimum cost and return standards are met. Canada Goose Parka

canada goose clearance Foster said she canada goose welcomes partnerships on Sept. 19. canada goose clearance

canada goose clearance sale Any partnership though will likely require Brazil government canada goose uk shop and Petrobras to change their fuel pricing policies, Canedo said. canada goose clearance sale

canada goose store Failure to let Petrobras canada goose store raise fuel prices in line with rising world oil prices caused Petrobras refining division to lose more than 11 billion reais ($5.4 billion) in the first six months of 2012. canada goose store

canadian goose jacket While the government allowed two increases in June and July, their first in years, fuel prices in Brazil remain about 20 percent below world levels, analysts say. The government has held prices steady in an effort to prevent inflation. canadian goose jacket

cheap Canada Goose is not going to get any partnership in a refinery unless the partner is going to be assured the right to export and to sell at world prices, Canedo said. are not going to want to be partners in something that right now makes losses for Petrobras. cheap Canada Goose

Canada Goose sale Chevron, which owns half of GS Caltex, may also be reluctant to approve an investment in Brazil where prosecutors are suing the San Ramon, California based company for almost $20 billion and pressing criminal charges against executives over a November oil spill. Canada Goose sale

The Petrobras GS Caltex Canada Goose outlet sale talks will take place in the offices of Cid Gomes, governor of Brazil Ceara state, in Fortaleza, the state capital and be followed in October by a Gomes visit to South Korea, the governor press office said while declining to discuss the content of the meetings.

buy canada goose jacket cheap First announced in 2008, Premium II was initially planned to transform Brazil growing oil output from giant offshore Canada Goose Jackets fields near Rio de Janeiro into diesel for export to Europe and other markets but may be needed to supply surging demand for vehicle fuels in Brazil. buy canada goose jacket cheap

canada goose coats The $11 billion price tag for the refinery is based on a report buy canada goose jacket cheap by the Ceara state government development agency, which says it will produce jet fuel, naphtha, liquefied petroleum gas and bunker fuel in addition to diesel oil. canada goose coats

Canada Goose online Petrobras officials were not immediately available for comment. GS Caltex officials did not immediately respond to an e mailed request for comment Canada Goose online.

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