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Market
This section analyzes the following aspects: refining, fuel suppy and demand, fuel imports and exports, and vehicle fleets.
Refining
Brazil has 18 oil refineries, with a total refining capacity of 2.4 million barrels/day (b/d), as shown below. The semi-public company Petróleo Brasileiro SA (commonly known as Petrobras) operates 11 refineries and most of the refining capacity in the country.
Refineries in Brazil, 2023
Refinery
Operator
Capacity, 2023 (barrels/day)
Location (municipality, federative unit)
Refinery utilization rates, 2023 (%)
Refinaria de Paulínia (Replan)
Petrobras
433,996
Paulínia, São Paulo
93%
Refinaria de Mataripe S.A. (Refmat)
Acelen (Mubadala Capital)
3
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