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Paper: Petrobras could invest US$3.42bn over 2 years - Peru.

The America's Intelligence Wire

| October 17, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Business News Americas)

(Business News Americas) - Brazil's federal energy company Petrobras (NYSE: PBR) could invest US$3.42bn in Peru over two years, paper Gestion quoted Pedro Grijalba, CEO of Petrobras' local subsidiary, as saying.

The company would carry out half of the investments in the first year and close all its projects within two, the paper reported.

The amount relates to a US$1.5bn ammonia and urea plant that would produce an average 540,000t/y, with 200,000t/y being consumed in Peru's market.

The company also is evaluating a US$800mn reorganization of the Talara refinery, a US$150mn, 260MW thermo generation project and…

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