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:

  • 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Your email address will not be published.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

Brazil Seizes US$ 87 Million in Contraband, a 130% Jump

The president of the Brazilian National Council to Combat Piracy and Intellectual Property Violations, ...

McDonald’s Buys in Brazil the Islamic Friendly Meat It Needs

Of the total exported by hamburger producer Braslo, 50% were directed to the Arab ...

Brazilian Market Volatile Mirroring the U.S.

Brazilian and Latin American markets ultimately finished lower on the day, after see-sawing between ...

Trying to Gag Lula

By creating phony crises, the media is falling into the hands of those who ...

Brazil Tourism Trying to Make Life Easier for Americans

Diversification of the tourism products that Brazil has to offer is one of the ...

Can Brazil Do Justice This Time?

Over five years after her son was killed, Dr Elma Novais, a lawyer from ...

Malba Tahan, the Brazilian Who Made Algebra Fun

His name was Júlio César de Mello Souza but he was better known as ...

Despite Cattle Disease Brazilian Beef Exports Grow 26% to Another Record Year

Brazilian beef exports should yield US$ 3.1 billion, up to the end of December ...

Blumenau, Santa Catarina state, Brazil

Brazil Celebrates Slow Progress While the World Zooms Fast Ahead

Throughout the 19th century Brazil evolved more slowly than the countries that, thanks to ...

Santos in Brazil Becomes Top Latin Port, But Gets no Prize for Management

Latin America’s container ports are growing strongly. Balboa grows most and Buenos Aires sees ...