The Brazilian state-owned company registered a net profit of BRL 6.9 billion (USD 1.97 billion) in this year’s Q1.
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The Arab country’s Energy minister Khaled Al Faleh made the statement on the same day that USA president Donald Trump criticized the OPEC for driving prices up.
The announcement was made by the country’s Petroleum minister, Tarek El Molla. In Algeria, Sonatrach announced that it plans to double its output.
The Abu Dhabi National Oil Company (ADNOC) is offering for competitive bidding six oil and gas production and exploration concessions.

