Brazil Purchases Thousands of Tons of Russian Diesel Oil to Avoid Shortages and High Prices; Petrobras Production Promises to Reach Historic Fuel Sales, but It's Not Enough to Meet Domestic Demand

Brazil Purchases Thousands of Tons of Russian Diesel Oil to Avoid Shortages and High Prices; Petrobras Production Promises to Reach Historic Fuel Sales, but It’s Not Enough to Meet Domestic Demand

Written by Flavia Marinho

Published on 10/10/2022 at 15:05

Falta de gasolina e diesel gera fila em em posto de combustível / Imagem Povo

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Economic Recovery Drives High Diesel Consumption in 2022 and Fuel Sales Expected to Reach 62.6 Billion Liters!

Domestic Diesel Consumption Exceeds Petrobras Production – which is not sufficient to meet domestic demand and, to ensure that the market continues to be supplied on an economic basis and without risks of shortages, Brazil imports over 30 thousand tons of Russian diesel.

The imports of oil from Russia intermediated in July by the Brazilian government occur due to the economic recovery and the increase in Brazilian agricultural production in the 2021/2022 harvest. Additionally, importing fuel from Russia came as an alternative to the United States – a traditional supplier to Brazilians, now facing competition from Europeans amid the impacts of the war in Ukraine.

Petrobras Expected to Achieve Historic Sales of the Product in the Second Half of 2022

Despite Brazil purchasing Russian diesel, as Bolsonaro reported, the country is expected to reach historic sales of the product in the second half of 2022, according to a survey by the Energy Research Company (EPE).

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According to the projection, product sales in 2022 will be 0.8% higher than last year and should reach 62.6 billion liters, compared to 62.1 billion in 2021.

For next year, the projection is even higher, reaching 63.5 billion liters, which would represent a new record — an increase of 1.4% compared to this year. In a statement, Petrobras confirmed the trend and stated that the domestic market should surpass last year’s diesel consumption results.

35 Million Liters of Russian Diesel Arrived at the Port of Santos in July

According to information from the Minister of Mines and Energy, Adolfo Sachsida, by the end of September, a shipment of about 35 million liters of Russian diesel arrived at the port of Santos, coming from the Port of Saint Petersburg, Russia.

According to the largest port terminal in the country, this is the ship NS Pride, registered under the Liberian flag; the minister also projected new shipments arriving this month of October.

According to reports from the ANP, since August, with the start of the period of higher diesel demand in Brazil, the agency granted 20 import licenses for a total of 61.8 thousand tons of fuel from Russian origin to two importers to avoid the risk of shortages and high prices in the country.

Brazil Purchases Thousands of Tons of Russian Diesel Oil to Avoid Shortages and High Prices; Petrobras Production Promises to Reach Historic Fuel Sales, but It’s Not Enough to Meet Domestic Demand

Economic Recovery Drives High Diesel Consumption in 2022 and Fuel Sales Expected to Reach 62.6 Billion Liters!

Petrobras Expected to Achieve Historic Sales of the Product in the Second Half of 2022

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

35 Million Liters of Russian Diesel Arrived at the Port of Santos in July

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Brazil Purchases Thousands of Tons of Russian Diesel Oil to Avoid Shortages and High Prices; Petrobras Production Promises to Reach Historic Fuel Sales, but It’s Not Enough to Meet Domestic Demand

Economic Recovery Drives High Diesel Consumption in 2022 and Fuel Sales Expected to Reach 62.6 Billion Liters!

Petrobras Expected to Achieve Historic Sales of the Product in the Second Half of 2022

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

35 Million Liters of Russian Diesel Arrived at the Port of Santos in July

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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