The country produced 768 million barrels of petroleum and 24 billion cubic metres of natural gas last year, according to the National Petroleum Agency. The figures are all-time highs.
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The government estimates that the economy should grow by 4.2% this year, as a result of the crisis affecting its trade partners in Europe. The previous forecast was 5.5%.
First edition of Accelerate Oil&Gas should take place in Rio on May 15th and 16th. The event should bring together high-level industry executives from Brazil, Middle East, Europe and North America.
Investors from abroad purchased US$ 30 billion and sold US$ 26.2 billion in January, generating a positive balance of US$ 4.2 billion.
The Argentine Monica Krexa has her workshop in Búzios, in Rio de Janeiro state. There she makes accessories like aluminium necklaces, earrings and belts. The items are exported to the Arab countries.
Dubai-based port operator handled the equivalent of 54.7 million containers last year. The figure includes terminals controlled by the company and those in which it owns stakes.
At US$ 1.291 billion, the negative result was the highest for the period since records started being kept, in 1973. International crisis caused demand to drop, according to Foreign Trade secretary.
The balance between Brazil’s inflow and outflow of dollars was reached in January, up to the 27th, according to the Central Bank.
New system which enables foreign trade operations to be registered on the internet starts operating this Wednesday. The ministry in charge is still clarifying questions.
The International Monetary Fund says the country registered great growth in 2011 and has a strong economy to face the crisis, but needs to develop sectors of the economy that do not depend on oil.
A study issued by the World Bank points out a decrease in the last three months of 2011, due to reduced pressure. Still, volatility threatens food security.
In 2011, Brazil exported the equivalent of US$ 15.13 billion to Middle East and North Africa countries. In 2012, trade is expected to increase by up to 15%, according to Arab Brazilian Chamber figures
The international director at Pine, Angela Martins, should travel to the Middle East for meetings with potential investors and partners. The institution is specialized in corporate credit.
A mission of the International Monetary Fund claims that this year, the country will re-establish its pre-crisis oil production levels, but will have to diversify its economy in order to create jobs.
