• Categories
  • Archives

Brazil’s Petrobras Beats 4 Records in 8 Days

Brazil’s oil giant Petrobras reached, this Wednesday, April 6, its fourth record oil production in the last eight days, totaling 1,720,096 barrels per day (bpd) in the whole country, according to information issued by its office in Rio de Janeiro.

Previous record production, reached last March 30th, was 1,650,947 barrels per day.


The company’s press department announced that the production of Platforms P-43 and P-48 contributed the most to breaking the record.


These platforms integrate the Barracuda-Caratinga Complex, located in Bacia de Campos, in the state of Rio de Janeiro.


Together, they are currently producing 150 thousand bpd. When they reach their full operational capacity, which may happen by July, they will double production to 300 thousand bpd.


On April 5, while talking in a public hearing before the Senate Economic Affairs Commission, the president of Petrobras, José Eduardo Dutra, said that Brazil may become self-sufficient in petroleum production next year. Dutra states that the company forecasts a 14.5% increase in production in 2005 in comparison with last year.


When asked about alterations in fuel prices, Dutra affirmed that he is accompanying the evolution of prices on the international market and awaiting a clearer definition on this matter.


He claimed that the price of petroleum in Brazil is competive and in line with the world market.


“Our policy is not based on transferring short-term volatility to consumers. There are times when our price is higher, there are times when it is lower, but over the course of the year our price adheres to the international market price,” he said.


ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Government Rules Out Blackouts in Foreseeable Future

The president of Eletrobrás – Brazilian Electrical Centrals, S.A. – AloÀ­sio Vasconcelos, ruled out ...

Close to Half a Million Brazilians to Get Cancer This Year

Around 460 thousand Brazilian men and women are expected to fall victim to cancer ...

US Travel Industry Wants an Easier Way for Brazilians to Visit the US

The U.S. Travel Association has a new plan that it says will create 1.3 ...

Pope’s Interest in Zero Hunger Warms Up Brazilian Government’s Heart

Brazil’s Minister of Social Development and Hunger Alleviation, Patrus Ananias, has been in Italy ...

Brazil’s Lula Received Money from Gadafi. If Proved Impeachment Is Certain.

By law, the Brazilian political party that receives foreign resources will have its registration ...

Brazil Becomes Middle Class But Not Bourgeois

Foreigners who still see Brazil as a nation in which a tiny elite sits ...

It’s Still Honeymoon

It may be a while before the current feeling of good will and grace ...

Brazil Ready to Sign Free Trade Agreement with Arab Gulf

The basic texts for the free trade agreement between Mercosur and the Gulf Cooperation ...

Brazil Joins Organic Bandwagon

The Brazilian market for organic food has been steadily growing at 30% a year. ...

Land Reform Hailed in Brazil as Key for Development

The FAO (UN’s Food and Agriculture Organization) secretary general, Jaques Diuf, declared that land ...