The Brazilian oil company announced its 2024 – 2028 strategic plan with low-carbon projects. President Jean Paul Prates said the energy transition would be carried out responsibly without compromising the oil production still needed to meet global demand.
Browsing: Brazil oil
The oil company produced 2.38 billion liters of S-10 type ultra-low-sulfur diesel in October.
Brazil produced three million barrels of oil a day last year, most coming from pre-salt reserves. The majority of the country’s natural gas also came from pre-salt.
A study by ABESPetro, conducted with consultancy firm Delloite, pointed out the Brazilian oil and gas industry could receive investments of USD 24 billion a year until 2025.
The Brazilian company announced its refineries were running nearly full tilt at the end of June.
The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels approved opening a public consultation to change a resolution and allow foreign companies to indicate areas for bidding in the sector.
Brazilian oil company performed well, driven by higher oil prices and lower operating expenses. Gross debt decreased and asset sales generated USD 210 million.
