Two FEEDs: one debottlenecking (kerosene sweetening, 4 storage tanks); the other a modular hydrocracker with jetty and SMR H2. Both meet Africa 5, cut sulfur, boost local jobs.

SEAP II FID had been approved earlier. SBM Offshore to build two BOT FPSOs with combined 240,000 bbl/d and 22 MMm3/d gas. Contract signing May 2026; production ~2030/2031; investment >R$60bn.

Board approved resumption of UFN III construction; ~$1B to complete, operations in 2029; ~8,000 construction jobs; capacity ~3,600 t/d urea and 2,200 t/d ammonia; strategic for domestic supply

Guangzhou capacity boost shortens lead times for APAC manufacturers, supporting emissions catalysts, electrical-steel and cookware coatings; follows Shanghai innovation center with Levasil lab