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Refinery Fire May Affect Diesel and Gasoline Production

By Joanna Hansford, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Reduc, one of the principal units of state petroleum production, in Duque da Caxias, Rio de Janeiro state, caught fire Saturday (January 4th) and has brought concerns that the output will significantly reduced. As Reduc provides ten percent of Brazil's refining capacity, there is speculation it will mean that the quantities of imported petroleum products are likely to increase, affecting prices.

An assessment made by Centro Brasileiro de Infraestrutura (CBIE) suggests that . . .

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