SAO PAULO/RIO DE JANEIRO, Oct 9 (Reuters) - Brazilian
state-run oil company Petrobras will be able to
deliver about 20% of the country's total demand for nitrogen
fertilizers next year as it restarts operations at three local
plants, CEO Magda Chambriard said on Thursday.
Petrobras' Bahia and Sergipe plants, both in Brazil's
northeastern region, are expected to supply 5% and 7%,
respectively, of the national urea market, according to the
company's strategic plan.
Meanwhile, its unit in Parana state, in southern Brazil,
has already resumed operations, and aims to supply 8% of the
country's urea demand. All three plants were previously offline.
During an event in Bahia state, Chambriard also
highlighted that the company is working to resume operations at
a nitrogen fertilizer plant in Mato Grosso do Sul state. The
unit would be expected to account for 15% of total demand.
"This plant is already being contracted, the
construction will be completed, and once it's ready, we will be
capable of delivering 35% of all the nitrogen fertilizer Brazil
needs," the executive said.
The renewed investment in the fertilizer sector aligns
with President Luiz Inacio Lula da Silva's goals, as he has
advocated for the firm to resume investing in the industry.
Brazil is heavily dependent on fertilizer imports.
"With the public policies issued by the federal
government and with our shareholders, we are aware of Petrobras'
strategic role," Chambriard said.