• Categories
  • Archives

Brazil Reaches Self-Sufficiency in Oil Before Christmas

The president of the state-owned Brazilian oil company Petrobras, José Sérgio Gabrielli, says that self-sufficiency in petroleum production in Brazil should be reached next month when production levels are at 1,810,000 barrels daily.

Gabrielli went on to say that with the inauguration of the P-50 platform, which is taking place today in the presence of President Luiz Inácio Lula da Silva, the country will consolidate its self-sufficiency.

"When we talk about self-sufficiency, we mean sustainable self-sufficiency. And that means daily production levels consistently above demand," said Gabrielli.

Sustained self-sufficiency will be reached next year when three other platforms go into operation (one in the state of Sergipe and two in Espí­rito Santo), which will bring the daily production average up to 1,910,000 barrels.

In three years, since 2002 when production was 1.5 million barrels per day, Brazilian petroleum production has risen at one of the fastest rates in the world (over 27%).

ABr

Tags:

  • Show Comments (2)

  • Guest

    Sustained self-sufficiency
    The article says “self-sufficiency in petroleum production in Brazil should be reached next month when production levels are at 1,810,000 barrels daily.” meaning December 2005, as opposed to “sustainable self-sufficiency that means daily production levels consistently above demand” . This will occur sometime in 2006.

  • Guest

    Self sufficiency….
    …this Christmas or the following Christmas ?.

    Not clear as usual, so nobody knows the truth also as usual !

Your email address will not be published.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

Downtown São Paulo, Brazil

By 2050 Brazilians Will Be as Rich as Europeans Were in 2005

A study by UK-based consulting company Experian Business Strategies concluded that Brazilians will reach ...

Brazil’s Family Voucher Program Is in Need of an Overhaul

In Brazil, with senator Calheiros’ scandal still hanging over it, an increasingly tarnished Lula ...

Stuck in Recession Brazil Creates Its Own Stimulus Package

Following the news that Brazil's Gross Domestic Product (GDP) dropped 0.8% in the first ...

Impunity Induces Slavery in Brazil

Interview with Brazilian Ricardo Rezende Figueira, who worked for 20 years in the state ...

Brazilian Veterans of Paris-Dakar Give the Social Lowdown on Rallies

Klever Kolberg, 45, one of the pilots in the Petrobras Lubrax rally team, has ...

Brazil’s Surplus Reaches US$ 36.3 Billion

According to Brazil’s Ministry of Development, Industry and External Trade, Brazilian exports totaled US$ ...

Brazilian Indian Women Raped While Waiting to Get Land Back

Two old Indian women from the Guarani people, in Brazil, were raped by security ...

Brazil’s Purchase of Canadian Co. Creates World’s Third Largest Mining Firm

Brazil’s mining giant Companhia Vale do Rio Doce (CVRD) announces that it intends to ...

Art and Social Inclusion Out of Discarded Wood in Brazil

In the hands of five artisans from the outskirts of São Paulo, discarded wood ...

Sales Jump 1.5% in Brazil. Clothes Up, Books Down

Compared with the previous month, retail trade sales grew 1.8% in March, in Brazil, ...