After Another Production Record Brazil May Become Self Sufficient in Oil in 2005

Petrobras reached in May an average monthly production of 1 million 729 thousand barrels of oil per day, in Brazil, which represents an increase of 21.1% over the volume produced in May 2004 (1 million 428 thousand barrels per day – bpd).

According to their Press Management, the result is 15.8% above last year’s average (1 million 493 thousand bpd). The historical daily production record was obtained May 12th, when production reached 1 million 820 thousand bpd.


With this new production level, the company keeps its course to ensure Brazil’s oil self-sufficiency by the end of 2005 or beginning of 2006.


Monthly average surpasses last monthly record (1 million 704 thousand bpd) by 25 thousand barrels, registered in April 2005, and by more than 236 thousand bpd the 2004 average production (1 million 493 thousand bpd).


During the nine first days of May, production was above 1 million 750 thousand bpd.


ABr

Tags:

You May Also Like

US Business Council Urges Brazil and US to Resume Collapsed WTO Talks

The president of the United States Council for International Business, Peter M. Robinson, issued ...

Cover Story It’s Carnaval

If you haven’t been in Brazil during Carnaval then you don’t know Brazil. If ...

Brazil’s Small Ambition: 1% of the World’s Garment Trade

Brazilian clothing exports should grow only 3% this year, due to the heavy depreciation ...

Brazilian and Colombian President Talk Business and Politics

Following lunch with Brazilian President Luiz Inácio Lula da Silva, the president elect of ...

Brazil’s Oil Self Sufficiency Doesn’t Mean Cheaper Gas Prices

Brazilian President Luiz Inácio Lula da Silva will announce Friday, April 21, that Brazil ...

Sí£o Paulo, Brazil: There Is No Costlier City to Live in LatAm

São Paulo and Rio de Janeiro are the most expensive cities in Latin America ...

Bulgaria Can’t Get Enough of Brazil’s Presidential Candidate Rousseff

Brazil and Bulgaria are worlds apart. Bulgaria is a small eastern European nation with ...

Brazil Starts Year with Bang Exporting Half a Billion Bucks a Day

The international trade flow began the year at a rhythm similar to last year. ...

Peru’s President Elect Vows to Sell Brazil Farm Produce for Half Price

Brazilian President Luiz Inácio Lula da Silva met with the president elect of Peru, ...

Former Brazilian Slaves Win One in Court

A ray of hope for quilombos broke through the clouds this month on a ...