Em meio a crise do petróleo, Petrobras bate recorde e exporta 1 milhão de barris em abril

Amid Oil Crisis, Petrobras Achieves Record and Exports 1 Million Barrels in April

Written by Flavia Marinho

Published on 04/05/2020 at 15:27

Em meio a crise do petróleo, Petrobras bate recorde e exporta 1 milhão de barris em abril

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On Monday, May 4th, Petrobras announced that oil exports reached 30.4 million barrels in April, or 1 million barrels per day sold to the international market. Petrobras Puts Up for Sale the Manati Field in the Camam Basin, Bahia

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The state-owned company recorded a milestone amidst a global crisis that diminished the global demand for oil due to the COVID-19 pandemic.

According to Petrobras, the exported volume for the month was 145 percent higher than in April of last year and contributed to strengthening the cash flow.

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The previous export record for Petrobras was 771,000 barrels of oil per day, achieved last December. The state company reported that it is focusing its efforts on exporting its production after meeting domestic demand.

According to Anelise Lara, Director of Refining and Natural Gas at Petrobras, the new global specification for marine fuels, called IMO 2020, benefited the company, as it reduced the sulfur content limit in fuel oil from 3.5 percent to 0.5 percent.

“We are attentive to international movements and accessing all markets. Our low-sulfur oil maintains its value in the international market due to the specifications of IMO 2020,” the executive stated.

She also highlighted that China is the main destination for Brazilian oil, being responsible for purchasing 60 percent of the oil exported by Petrobras in the first months of this year.

Petrobras states that oil sales to foreign markets in the first quarter of this year grew by 25 percent compared to the last quarter of 2019.

In addition to China, the state company also exports oil to other Asian countries, the United States, European countries, and India.

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