The oil company’s production declined in July compared with the previous month and reached 2.57 million barrels of oil equivalent per day, in Brazil and abroad.
Author: Agência Brasil
The country received US$ 38.5 billion in investment from January to July. Last month alone, the total was almost US$ 6 billion.
Expenditure hit US$ 2.2 billion in July and has already reached US$ 2.28 billion this month, according to the Central Bank.
The result is higher than the Central Bank’s projection, which was US$ 2.9 billion. Year-to-date, the account runs a deficit of nearly US$ 30 billion.
Brazilian exports have exceeded imports by US$ 877 million during the third week of August, according to the Ministry of Development, Industry and Foreign Trade.
According to the Central Bank, foreign reserves of Brazil grew 20.7% last year and expanded 22.18% this year up to Thursday (18).
The Brazilian president stated that the country is capable of protecting itself of international economic turbulence, which mostly affects Europe and the United States.
National Conference of Industries shows that businessmen in the sector are less confident. The research shows a 1.5 point reduction in August as against July.
The director general of the UN, Jacques Diouf, said that immediate activity is necessary by the international community to avoid the worsening of the crisis in the northeast of the continent.
The sector should end the year with a small rate of growth, lower than the average of the last few years, which was 2%, according to projections of the Brazilian Packaging Association.
The Brazilian oil company should end 2011 with a trade deficit due to rising domestic consumption of oil derivatives, especially gasoline.
According to an Applied Economic Research Institute specialist, greater confidence in economy and the inflow of speculative capital explain the rise in foreign investment in Brazil since late 2010.
Pre-salt layer oil exploration should foster the growth of various sectors of the industry and generate 2 million jobs by 2020 in Brazil, according to a study of the Petroleum Industry Organization.
The purpose of Conaero, launched this Tuesday by the Brazilian government, is to establish and monitor performance targets at Brazilian airport terminals.
