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Bureau of Mines / Minerals yearbook area reports: international 1972
Year 1972, Volume 3 (1972)

Wessel, F. W.
Brazil,   pp. 155-169 ff. PDF (1.6 MB)

Page 169

ties at Manaus by construction of a 9,000barrel-per-day catalytic cracking
The company in which PETROBRAS became a participant was named, Petrocoque
S.A. Inddstria e Comercio and will produce petroleum coke at Cubatão
at a rate ranging from 150,000 tons to 240,000 tons, depending on the nature
of the petroleum feed. A major product will be electrodes for aluminum smelters.
The second su-bsidiary formed was Petrobras International S.A. (BRASPETRO).
It has become obvious that Brazil cannot meet refinery crude oil requirements
from the production of its oil wells, and that imports would be necessary.
BRASPETRO's activities will therefore include promoting joint exploration
and production efforts with foreign countries and companies whose petroleum
might economically flow to Brazil. 
BRASPETRO began -buying crude oil from Iraq National Oil Co., which took
over, without compensation to date, certain oilfields in Iraq. BRASPETRO
was advised of possible legal action on the part of the displaced concessionaires.
BRASPET-RO will undertake exploration of three oilfields in southern Iraq
on a joint venture basis, and has obtained a contract for delivery of 2 million
tons of Iraqi crude over a 5-year period. 
PETROBRAS ordered more than 50,000 
tons of steel plates of various gages from British Steel Corp., to be used
in fabricating storage tanks. 
 Petrochemicals.—There are two major petrochemical complexes in Brazil:
One at São Paulo, largely privately owned, a!though Petroquisa S.A.
has a 26% share, and one in Bahia, which Petroquisa owns and operates. At
São Paulo the core plant, run -by Petroquimica UniAo S.A., went onstream
in June, buying naphtha from Petroquisa and making olefins and aromatics.
At least 15 plants are operating or planned for this area. 
The other major complex is at Camacari in Bahia. Several intermediate and
endproduct plants are already operating. A su-bsidiary of Petroquisa S.A.,
Cia. Petroquimica do Nordeste (COPENE) was allotted $206 million to build
a core plant. The utilities unit is expected onstream in 1974, and the cracking
and raw materials units a year or two later. 
The core plant in São Paulo is capable of producing 560,000 tons annually.
The core plant at Camaçari is planned for 645,000-ton capacity. Demand
for end products is projected to exceed the total capacity of both complexes.
In view of the 4- to 5-year lead time required, PETROBRAS and private industry
were discussing a third complex of a minimum capacity of 300,000 tons, possibly
in Rio Grande do Sul. 

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