The head of the Arab Brazilian Chamber of Commerce Dubai office, Rafael Solimeo, joined a discussion on Brazil’s potential and advantages in biofuel production.
Browsing: fuel
Egypt announced a 15% in petrol prices ahead of an IMF meeting to review the payout package. Egypt suffers with inflation and devaluations of the currency. Attacks around the Red Sea hit revenues from the Suez Canal.
A sustainable alternative fuel to kerosene already exists and will have an increasing participation in the industry, but high costs are a major obstacle for its use.
The company said it will lower aviation kerosene prices to distributors.
The state expects to produce 500,000 tonnes of green hydrogen per year. MoUs have already been signed with 18 companies.
The Brazilian state-run oil company is divesting itself of its entire stake in Petrobras Colombia Combustibles, which distributes and sells fuel and lubricants.
Company shipped 238,000 barrels of fuel oils a day in February.
Brazilian market consumed 32.8 billion liters of ethanol last year, mostly of the hydrated kind, which is used pure as fuel.
The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.
The Petrobras subsidiary that operates in the fuel distribution sector posted a net profit of BRL 263 million (USD 72.90 million) in Q2 2018.
