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:

Ads

You May Also Like

Brazil: The Transgenics Dilemma

The Brazilian Congress is divided over the issue of cultivation and sale of transgenics ...

Brazil Anticipates 5.1% Inflation in 2005

Brazil’s Central Bank (BC) projects that Brazilian inflation in 2005 will be 5.1%, according ...

Brazil’s Lula: We Are Beggars No More!

In an interview to Brazilian radio stations, Brazil President Luiz Inácio Lula da Silva recalled ...

Brazilian black

Quotas Are the Brazilian Way to Keep Things as They’ve Always Been

Recently a young black man asked me if I saw a relationship between race ...

Brazil, After All, Had Big Role in Overthrowing Chile’s Allende, in 1973

It was 1971. Then Brazil's dictator, general Emilio Garrastazu Médici and US president Richard ...

A Brazilian TV Show Brings Together Youths from All Over the World

"Letters in the Wind," a cultural TV show from Brazil, aims to create an ...

Brazil Loses US$ 4.29 Billion From Crops Ruined by Drought

Brazilian farmers are expected to suffer losses amounting to US$ 4.29 billion (10 billion ...

Brazilian Army Had 138 Weapons Stolen Since 2000

A total of 138 weapons have been robbed or stolen from Army quarters in ...

Brazil’s Satellite Pictures for Sale

One of the bilateral endeavors that Brazil and China are working together on is ...

Brazil Gets US$ 1 Billion from Inter-American Bank to Develop Tourism

The Inter-American Development Bank (IDB) is lending Brazilian states and municipalities US$ 1 billion ...