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From the Newsroom*
10/03/2010 - 15:49
Oil and Gas
Brazil: largest oil expansion outside OPEC
Production in the country should rise by 190,000 barrels a day this year, the largest growth among the countries that are not part of the OPEC. The forecast is by the organisation itself.
São Paulo – Brazil should produce 190,000 more barrels of oil in 2010 than in 2009, the largest expansion among the countries that are not members of the Organization of the Petroleum Exporting Countries (Opec). Thus, it is expected that, this year, Brazilian production should reach 2.7 million barrels a day.
The forecast is by the Opec itself, and was disclosed today (10) in the organisation’s monthly report. Still according to the document, total production in Latin America should be 4.61 million barrels a day in 2010, growth of 210,000 barrels a day against 2009.
In South America, the report also shows greater production in Colombia, 80,000 barrels a day, maintaining an average of 760,000 barrels a day.
In each quarter of this year, forecasted production in Latin America is estimated to reach 4.51 million barrels of oil a day (mb/d), 4.56 mb/d, 4.64 mb/d and 4.75 mb/d, respectively.
*Translated by Mark Ament
The forecast is by the Opec itself, and was disclosed today (10) in the organisation’s monthly report. Still according to the document, total production in Latin America should be 4.61 million barrels a day in 2010, growth of 210,000 barrels a day against 2009.
In South America, the report also shows greater production in Colombia, 80,000 barrels a day, maintaining an average of 760,000 barrels a day.
In each quarter of this year, forecasted production in Latin America is estimated to reach 4.51 million barrels of oil a day (mb/d), 4.56 mb/d, 4.64 mb/d and 4.75 mb/d, respectively.
*Translated by Mark Ament
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