Brazil Petrobras’s New Record: 1.7 Million Barrels a Day

Petrobras – Brazilian Petroleum S.A. – broke its old daily production record of 1.596 million barrels, set in February, 2003, by turning out 1.704 million barrels per day in April.

According to Petrobras president José Eduardo Dutra, this year’s average should remain above the 1.7 million level, 14% more than last year’s daily average of 1.493 million barrels.


The production increase was made possible by the coming on line of platforms P-43, last December, and P-48, this February.


“These data confirm what is written in Petrobras’ strategic plan: Brazil will attain self-sufficiency in petroleum in 2006. And it is not a self-sufficiency that’s here today and gone tomorrow. Rather, it is one that is sustainable over the years,” Dutra affirmed.


According to the Petrobras president, the company intends to continue raising production. The forecast for 2006 is for an average of 1.92 million barrels per day. In 2010 the company hopes to reach the 2.3 million level.


ABr

Tags:

You May Also Like

Still No Explanation for Death at Sea of Thousands of Cattle Shipped from Brazil

The Brazilian Association of Livestock Exporters (Abeg) believes that the death of at least ...

Gorgeous, But Who Cares?

CDs or Books by Keyword, Title or Author By Adelaide Bouchardet Davis "Sua disposição ...

Brazil Creates Federal Group to Fight Homophobia

Brazil’s Human Rights Secretariat of the Presidency of the Republic (SDH) put together the ...

Brazil’s Furniture Hub Focus on Design and Reforestation to Grow

Brazilian businessmen in the furniture hub of Ubá, in Brazil's southeastern state of Minas ...

Brazil Lacks 6.5 Million Houses

Brazil’s Minister of Cities, OlÀ­vio Dutra, affirmed that Brazil will have to spend US$ ...

Sugarcane plantation in Paraíba state, Brazil

Bush Rolls Out Red Carpet for Brazil’s Lula. They Might Be Dreaming of a Green OPEC

Brazil’s President Luiz Inácio Lula da Silva’s arrival in Washington tonight, March 30, is ...

UK Sets Commission to Do Business with Brazil

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, declared this Tuesday, ...

Brazil Gets Prize for Environment Disaster Preparadness

A scientific support center from Brazil and a leading Swiss laboratory are among the ...

Brazil: The Thorny Courtship Between Mercosur and EU

Mercosur, the Common Market of the South – a customs union between Brazil, Argentina, ...

Is Brazil in Love with the A-Bomb?

Brazil announced that in a few months it will start producing enriched uranium, which ...