The Arab country reported an expansion in international oil sales from January to September, reaching USD 90.3 billion.
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State-controlled Pré-Sal Petróleo will auction 55 million oil barrels from four fields on November 26. Brazilian exporters and trading firms can participate.
Able to move around on its own, Annelida is a semi-autonomous robot that will help the industry save billions by cleaning oil ducts. The solution was inspired by peristaltic movements used by different animals, including the annelids.
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Such was the hike in 2018/2019 from the preceding fiscal year, driven by the petroleum industry. The administration expects industry to be a major driver of GDP growth this year.
Oil production in the country went past the 3-million-barrel mark for the first time at 3.09 million barrels per day in November.
The process includes four units with ‘binding’ status, where investors can look into the risks involved in the deals and make their bids.
Brazil saw USD 500 million invested in the industry in 2018, as per a report by the Federation of Industries of the State of Rio de Janeiro.
For the first time, the Saudi national petroleum company disclosed its public financial report and will make an unheard-of conference to present results in August.
Brazil produced on average 2.6 million barrels per day in the first month of 2019.
Petrobras started this Wednesday (20) to produce oil and gas in platform P-76, in Campos Basin.
The country produced 117 million cubic meters per day in October, up 2.1% year-on-year.
August saw 111.6 million barrels of oil shipped from the Arab country, up 12% from a year ago, the Ministry of Petroleum reported.
Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
