Rio de Janeiro \u2013 The Brazilian state-owned oil company Petrobras ended 2009 with a net profit of 28.9 billion Brazilian reals (US$ 16.1 billion), a result 12% lower than the 32.9 billion reals (US$ 18.4 billion) recorded in 2008. The data were disclosed last week by the company\u2019s Finance and Investor Relations director, Almir Barbassa, who ascribed the decrease to the 36% decline in price of the Brent oil barrel (heavy).<\/p>\n
From January until December 2009, total oil and natural gas equivalent production increased by 5%, having attained a daily average of 2,526 million barrels per day. The result was boosted by rising production at the P-52 and P-54 platforms, in the Roncador field, and of the P-53 platform, in the Marlim Leste field. <\/p>\n
The increase in production, coupled with a 23% decline in derivatives imports, led the company to record a foreign trade surplus of 156,000 barrels per day and US$ 2.9 billion. A highlight among products whose imports decreased was diesel oil, due to the reduction in demand and the increase in production in the country. <\/p>\n
Last year, Petrobras invested 70.757 billion reals (US$ 39.6 billion), a record-high figure for the company, according to a letter from the chairman of Petrobras, Jos\u00e9 S\u00e9rgio Gabrielli. The figure represents growth of 33% in comparison with the funds invested in 2008. Investment was allocated to expansion of future oil and natural gas production capacity at refineries.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Despite the crisis, the state-owned oil company ended last year with a net profit of US$ 16.1 billion. From January until December 2009, the total output of oil and natural gas equivalent rose by 5%.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-34102","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Despite the crisis, the state-owned oil company ended last year with a net profit of US$ 16.1 billion. From January until December 2009, the total output of oil and natural gas equivalent rose by 5%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/34102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=34102"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/34102\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=34102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=34102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=34102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}