Brazil needs to have fuel stocks that are compatible in size with those of countries with similar GDP and demand, said Rubens Cerqueira Freitas, superintendent of distribution and logistics at the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
According to him, who participated in the first day of the Rio Oil & Gas, Europe has stocks to meet a 60-day demand, and Brazil does not have the capacity to respond in situations like the current one.
Freitas also added that until some time ago, Petrobras could rearrange diesel production from different regions to meet potential regional supply shortage risks, but that this path will be more difficult with the state-owned company’s divestment policy.
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Given the Current Global Scenario, Investments in Fuel Stock Are Extremely Necessary
The superintendent of the ANP noted, however, that stock formation requires care, but pointed out that investments are necessary given the risks of new supply shortage episodes.
Freitas further emphasized that the country managed to get through the crisis caused by the war in Ukraine, but an eventual blockage of diesel supplies in the external market could be a serious problem.
According to him, the lack of diesel, which is highly demanded by the agribusiness sector, for instance, would bring incalculable losses to the Brazilian economy.

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