Rising exports of the commodity led the Brazilian trade balance deficit in January to be lower than the one recorded in the same month of last year.
Author: Agência Brasil
Exports from the country increased 21% compared with the same month of last year. Imports rose by 17%. The balance of trade recorded a US$ 166 million deficit.
The bank was the Brazilian institution that transferred the highest volume of Brazilian Development Bank funds in 2009. Export financing was the highlight.
The Food Supply Company informed it will donate another 200 tonnes of food to the victims of the earthquake that hit the country. President Lula announced the setting up of an emergency care unit.
Petrobras has risen from the ninth to the fourth place in the ranking of 50 main energy companies in the world, according to a study by consultancy company PFC Energy.
According to a report published this Tuesday, the International Monetary Fund estimates that the Brazilian economy will grow by 4.7% in 2010. As of October, the growth forecast was 1.2%.
The surplus was US$ 71 million last week, as a result of US$ 3.105 billion in exports and US$ 3.034 billion in imports. There was a deficit in the first two weeks of January.
To Guido Mantega, the Finance minister, the performance will be boosted by domestic demand. The Central Bank estimates advances of 5.8%.
The surplus of dollar inflow and outflow in Brazil was due to the improvement of investment in bonds, fixed income and remittance of profits and dividends.
In 2009, the company extracted 2.5 million barrels of oil and gas per day, on average, in its domestic and foreign operations. In Brazil, the daily output was 2.3 million barrels.
The information was supplied by the minister of the Special Secretariat for Ports, Pedro Brito. He stated that the sector is a priority, and that improvements should take place across the country.
Gasoline and aviation fuel sales by Petrobras Distribuidora totalled 310,383 cubic metres in 2009. Rising sales by airlines WebJet and Azul are among the factors that contributed to the expansion.
The state-owned company will start using methane gas extracted from Latin America’s largest landfill as fuel at the Duque de Caxias Refinery, in the metropolitan area of Rio de Janeiro.
This is the value of investment that Brazilian ports should receive in private investment over the next five years, according to estimates by Pedro Brito, minister at the Special Ports Secretariat.
