Abreu e Lima Refinery (RNEST)

Rio de Janeiro, July 22, 2016 – Petróleo Brasileiro S.A. (Petrobras) announces that at a meeting held today, its Board of Directors approved a reassessment of the Abreu e Lima Refinery (RNEST) project. This decision will enable the continuation of procurement activities to complete the emissions reduction unit (SNOX) and other construction work to complement Section 1 of RNEST.

SNOX is one of the refinery’s units. It will treat gases resulting from the process of producing fuels with low levels of pollutants, such as Diesel S-10.

The refinery is located in Ipojuca, Pernambuco, at the Suape Port Industrial Complex, 45 km from the state capital, Recife. Its design provides for the implementation of two refinery sections. Section 1 has been operating since December 2014, and it is currently able to process 100,000 barrels of oil per day. Once the SNOX unit has been completed, it will run at full capacity.

The final decision regarding the best strategy for implementing Section 2 of RNEST will be taken as part of the process of approving Petrobras’ next Business and Management Plan, underpinned by integrated analysis of the company’s project portfolio and in line with market projections and the company’s funding limits.

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