More Diesel and Less Imports Bring Brazil’s Petrobras US$ 2.9 Billion Surplus

Petrobras Brazil Petrobras, Brazil’s state-controlled oil and gas multinational, had a trade balance surplus of US$ 2.874 billion between exports and imports last year. In terms of volume, the surplus was 156,000 barrels a day. The figures disclosed by the company do not include the area of gas, neither natural, liquefied nor nitrogenized.

According to company information, the positive balance was mainly due to the 4.8% growth in the volume of oil and oil products exported. Shipments averaged 705,000 barrels of oil a day in 2009.

The expansion in Brazilian production of oil and the 23% reduction in the total of oil products imported, like diesel oil, also contributed to the surplus.

With the greater production of diesel oil by Petrobras, Brazilian imports of the fuel dropped 43.03% on average in 2009, in comparison with 2008.

The trade balance surplus in the fourth quarter of 2009, calculated based on imports of oil and oil products, was US$ 1.8 billion, which represented growth of US$ 194 million over the same period in 2008.

Management Course

The IBP (Brazilian Oil, Gas and Biofuel Institute) is offering an extension course in Oil and Gas Industry Enterprise Management. Lessons begin on February 26th and enrolment is open.

The course is turned to companies, financial institutions, research and development centers, governmental organization and others interested in the oil and gas sector.

The classes should be taught by professors and professionals in the industry and the program should cover themes like the geopolitics of the sector, exploration and production activities, refining and petrochemicals as well as logistics.

The total duration of the course is 10 months and classes take place every fortnight, in São Paulo.

Service

Extension course in Oil and Gas Industry Enterprise Management
Further information: (+55 11) 3451-5013 e 8350-9234
Enrolment: (+55 21) 2112-9032 / 9033 / 9034
E-mail: cursos@ibp.org.br
Prices: Enrolment – 500 Brazilian reais (US$ 270) + 12 installments of 1,000 reais (US$ 540)
IBP associates have 10% discount

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