An executive from Petrobras stated that with international oil prices falling and the dual boost from a ceasefire agreement in the Iran conflict, previously postponed refinery maintenance and equipment overhauls will be able to proceed smoothly.
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Supported by these two favorable factors, relevant refineries can carry out routine maintenance during a window in which operational and maintenance costs remain relatively manageable and risks of regional energy supply fluctuations are low. This also benefits the stable release of subsequent refining capacity.
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