Brazil will achieve self-sufficiency in diesel by 2014, the country's oil giant Petrobras said on Wednesday.

Brazil imports 10 percent of its domestic diesel consumption, or 30,000 diesel barrels a day. The implementation of three refining projects will pave way for self-sufficiency, said Petrobras Director of Supplies Paulo Roberto Costa,

When Petrobras kicks off Rio de Janeiros Petrochemical Complex Comperj and refineries in Pernambuco and the Premium in 2014, the country will be self-sufficient in diesel, said Costa.

Comperj is expected to start operation in 2012. It will require investment of 8.3 billion U.S. dollars, and its production capacity will reach 150,000 barrels of oil per day.

Petrobras will also inaugurate a refinery in Pernambuco state in 2012 in partnership with Venezuela's oil company PDVSA, which is expected to produce 200,000 barrels of oil a day. Petrobras will hold 60 percent of the project, and PDVSA the remaining 40 percent.

The Premium refinery, which will be Petrobras's biggest refinery, is expected to be operational in 2014 and have a daily oil production capacity of 500,000 barrels.

Source: Xinhua