Brasilia, February 27 (RHC) -- Brazil may regain its self-sufficiency in oil production in 2015, Brazilian oil giant Petrobras CEO, Maria das Gracas Foster, said on Wednesday.
Foster told a press conference that Brazil achieved self-sufficiency in oil production in 2006, but lost that self-sufficiency in 2011 due to a rise in consumption. Since then, Brazil depends on fuel imports to supply its domestic market.
The country is close to achieving self-sufficiency again in 2015, Foster said.
The average oil production for 2013-2020 period is expected to reach 2.9 million barrels per day (bpd). By 2020, the production is expected to total 3.7 million bpd.
- President Raúl Castro Meets with Visiting Counterpart from Serbia
- RHC's Arts Roundup
- Protests and Repression Continue in Argentina
- Cuba Renews Its Solidarity with Venezuela at ALBA-TCP Political Council
- RHC's Caribbean Outlook Show
- Cuban Parliament President Esteban Lazo Meets with Serbian President
- Max: 19729
- yesterday: 4241
- today: 843
- online: 203
- total: 4101039