Brazil Expects to Become the Fourth Largest Oil Producer in the World in the Next 9 Years; Petrobras Expects More Market Competition to Achieve the Goal

Written by Fabio Lucas Carvalho

Published on 06/08/2021 at 07:05

Centro de Distribuição da Petrobras no SIA, Terminal Terrestre de Brasília, onde se armazena e distribui produtos da companhia para os postos de combustíveis do Distrito Federal. Marcello Casal JrAgência Brasil Local: Brasília-DF

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Brazil Has a Series of Actions That, If Done Correctly, Can Make the Country Jump in the Global Oil Production Ranking

Brazil currently holds a very important position in the production and export of oil worldwide. Occupying 7th place at present, Brazil hopes to reach fifth or fourth place by 2030. José Mauro Coelho, Secretary of Oil, Natural Gas and Biofuels at the Ministry of Mines and Energy, gave an interview to TV Brazil, where he highlighted Brazil’s plans to reach this ambitious goal in the next 9 years.

One of the important measures that will help Brazil soar in the global oil production ranking is the much-anticipated second phase of the auction of the Surplus Transfer (surplus of oil and gas volume that the Union ceded to Petrobras (PETR4), where the fields of Sépia and Atapu will be auctioned.

“We have seen in recent years a declining production from onshore fields and mature offshore fields but in the pre-salt area,” said Secretary José Mauro Coelho.

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Brazil has a series of actions that if done correctly, can make the country jump in the global oil production ranking. Photo: Fábio Pozzebom/ Agência Brasil
Location: Brasília — The Secretary of Oil, Natural Gas, and Biofuels at the MME, José Mauro Coelho, participates in Voz do Brasil. Photo: Pozzebom/ Agência Brasil

The secretary also highlighted Petrobras’ plan to sell eight oil refinery assets. José Campos believes that increased competitiveness and concentration of power in Petrobras could bring many benefits to the sector.

“The federal government wanted to work on opening the market, so that the market would have greater competition, more dynamism, and a greater plurality of agents, and of course, this brings benefits to the Brazilian consumer. This competition has the potential to lead to a price reduction,” he said.

José Campos also highlighted Brazil’s goal of increasing the use of renewable fuels from 25% to 30%. The projection is also ambitious but can further highlight Brazil in the sector. Watch below the complete interview with José Mauro Coelho.

Brazil Expects to Become the Fourth Largest Oil Producer in the World in the Next 9 Years; Petrobras Expects More Market Competition to Achieve the Goal

Brazil Has a Series of Actions That, If Done Correctly, Can Make the Country Jump in the Global Oil Production Ranking

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Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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Brazil Expects to Become the Fourth Largest Oil Producer in the World in the Next 9 Years; Petrobras Expects More Market Competition to Achieve the Goal

Brazil Has a Series of Actions That, If Done Correctly, Can Make the Country Jump in the Global Oil Production Ranking

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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Physics has been challenged: researchers have discovered something that moves faster than the speed of light, but the phenomenon does not break relativity because it involves dark patterns within optical vortices.

Europe is “frying” with records: United Kingdom records 35°C, France reaches 35°C, and Spain and Portugal face heat close to 40°C in May as a heatwave advances across the continent.

On the other side of the planet, a Brazilian doctor operates on a patient in Porto Alegre while being in China, almost 19,000 km away, using a surgical robot that responds in 200 milliseconds in a procedure that seems like science fiction.

China outpaces Elon Musk with Unitree humanoid robot available on AliExpress for $6,800, with free shipping and international delivery, turning billionaire technology into something anyone can buy online.