PETROBRAS PLANS BIG LPG STORAGE PROJECT IN BRAZIL

Petroleos Brasileiro SA (Petrobras) plans to construct liquefied petroleum gas storage facilities on Brazil's coast with a capacity of 200,000 cu m at a cost of $470 million. Petrobras, Brazil's state oil company, is considering construction of two 100,000 cu in capacity storage caverns near the Barroso (Tebar) marine terminal at Sao Sebastiao, Sao Paulo state. Each will be about 26.5 m at a depth of about 18 in. Project construction is expected to get under way by yearend, with

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