Brazil Reaches Self-Sufficiency in Oil Before Christmas

    The president of the state-owned Brazilian oil company Petrobras, José Sérgio Gabrielli, says that self-sufficiency in petroleum production in Brazil should be reached next month when production levels are at 1,810,000 barrels daily.

    Gabrielli went on to say that with the inauguration of the P-50 platform, which is taking place today in the presence of President Luiz Inácio Lula da Silva, the country will consolidate its self-sufficiency.

    "When we talk about self-sufficiency, we mean sustainable self-sufficiency. And that means daily production levels consistently above demand," said Gabrielli.

    Sustained self-sufficiency will be reached next year when three other platforms go into operation (one in the state of Sergipe and two in Espí­rito Santo), which will bring the daily production average up to 1,910,000 barrels.

    In three years, since 2002 when production was 1.5 million barrels per day, Brazilian petroleum production has risen at one of the fastest rates in the world (over 27%).

    ABr

    Tags:

    • Show Comments (2)

    • Guest

      Sustained self-sufficiency
      The article says “self-sufficiency in petroleum production in Brazil should be reached next month when production levels are at 1,810,000 barrels daily.” meaning December 2005, as opposed to “sustainable self-sufficiency that means daily production levels consistently above demand” . This will occur sometime in 2006.

    • Guest

      Self sufficiency….
      …this Christmas or the following Christmas ?.

      Not clear as usual, so nobody knows the truth also as usual !

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil’s Referendum Fever: Congress Gets More than 300 Proposals

    The Brazilian referendum on banning firearms and ammunition sales revived the debate on how ...

    Brazil’s Lula: It’s Our Fault

    Brazilian President Lula told an audience of big investors in the US that his ...

    Russian Steel Factory in Brazil Will Create 8,000 Jobs

    The Russian groups TMK and Commetpron will invest US$ 1.8 billion in the first ...

    Brazil Is Land of Opportunities, Saudi Executives Find Out

    In the first day of their trip to Brazil, Monday, January 30, the representatives ...

    Brazil’s Petrobras Says Buying Out Shell in South America Is a Strategic Decision

    Brazilian government owned oil-company Petrobras confirmed the acquisition of Anglo-Dutch oil giant Royal Dutch ...

    Bush Administration Loses Case Against Brazilian Church in the Supreme Court

    Americans United for Separation of Church and State lauded Tuesday’s, February 21, U.S. Supreme ...

    Brazil Expecting Lower Surplus in 2006

    Brazil’s exports totaled US$ 2.1 billion in the third week of February, as against ...

    International Symposium on Social Development

    Brazil Hosts International Meeting to Fight Poverty and Spread Wealth

    Brazil will be hosting from Wednesday, August 5, to Friday, August 7, the International ...

    Brazilian Airline Gol

    Gol Brazilian Airline Vows to Hike Investments Despite Slowdown

    Brazilian airline Gol announced that it expects domestic air travel in Brazil to grow ...