The oil company’s president spoke this Thursday on the rise of the company’s shares after a deal with US authorities.
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Brazil’s state-run oil company produced 2.47 million barrels of oil equivalent per day worth of oil and gas in August.
The Brazilian state-run oil company posted BRL 10.7 billion in net profit in quarter two this year, up 45% from a year ago.
Last month saw 3.311 million barrels of oil equivalent per day produced in Brazil, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) reported.
Brazil’s five biggest government-owned enterprises had a 44.8% increase in profit during the first quarter of this year.
The Brazilian state-owned company registered a net profit of BRL 6.9 billion (USD 1.97 billion) in this year’s Q1.
ANP’s director general met with representatives of ADIA and AD Council last week, in which they showed to be interested in gas pipelines that will be privatized by the Brazilian state-owned oil company.
