Petrolgal slates $800 million refinery revamp

Petroleos de Portugal SA (Petrogal) announced a plan to invest $800 million at its Sines refinery to meet tighter European Union fuel specifications and to improve the existing refining process.Removal of sulfur from diesel fuel will be the main thrust of investment. The first set of new EU rules is due in place next year and fixes the maximum diesel sulfur content at 330 ppm, but this will be tightened even further in 2005, when the maximum will be 50 ppm (OGJ, July 6, 1998, Newsletter).Sines lies south of Lisbon and is the largest of Portugal`s two refineries, with crude distillation capacity of 213,000 b/d. The state firm also operates a second refinery near Oporto, which has throughpu...

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