Radio Havana Cuba

A friendly voice around the world

  • Follow Us on

#NoMasBloqueo #SolidaridadVsBloqueo

Brazil May Regain Self-Sufficiency in Oil Production Next Year

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.

Edited by Juan Leandro
Commentaries
MAKE A COMMENT
  • President Raul Castro Congratulates Nicolas Maduro on PSUV´s Electoral Victory
  • Council Members of the U.S. Cities of Tampa and St Petersburg Attend Business Forum in Cuba
  • Confusion Prevails in Catalonia
  • RHC's Regular Program DXERS UNLIMITED, with Professor Arnaldo 'Arnie' Coro
  • World Food Program Praises Cuba's Record in Face of Natural Disasters
  • Sochi Hosts World's Biggest Youth Event
NUMBER OF HITS/VISITORS

3833355

  • Max: 19729
  • yesterday: 4441
  • today: 4208
  • online: 195
  • total: 3833355