Oil Exports Rise Significantly, According to the Ministry of Economy

Written by Roberta Souza

Published on 14/01/2021 at 16:15

Exportação de petróleo

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The Ministry of Economy Released Data on Brazilian Oil Exports, Which Were Over 100% Above Average Compared to 2020

According to data released on the 11th (Monday) by the Ministry of Economy, Brazil’s oil exports averaged 387,3 thousand tons per day in the first week of 2021. This figure was over 100% above the average level reported in January 2020, when the country’s oil exports averaged 191,900 tons per day.

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The document shows that in the first week of 2021, the value of oil obtained fell to $284.5 per ton, compared to $404.6 per ton in January 2020. In contrast, the pandemic had a direct impact on commodities.

Brazil’s oil exports reached 70.6 million tons last year, an 18.5% increase compared to 2019. This increase is due to China buying large quantities of oil at lower prices – in terms of sales, shipments fell nearly 19%, to $19.5 billion.

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Oil Exports Rise Significantly, According to the Ministry of Economy

The Ministry of Economy Released Data on Brazilian Oil Exports, Which Were Over 100% Above Average Compared to 2020

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Oil Exports Rise Significantly, According to the Ministry of Economy

The Ministry of Economy Released Data on Brazilian Oil Exports, Which Were Over 100% Above Average Compared to 2020

See Other News of the Day:

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

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.

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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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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