Petrobras exporting record volumes from sub-salt offshore oil fields

Tuesday, February 21st 2017 - 10:58 UTC

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Rising output from Brazil’s sub-salt offshore oil fields is allowing Petrobras to export record volumes of oil and import less light crude for its refineries, a senior executive said. Cláudio Mastella, executive manager for refining and natural gas logistics, said the move is helping to reduce Petrobras’ operational and logistical costs because lighter oil is easier and cheaper to refine into products like gasoline and diesel. Read full article

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RF: “exporting record volumes”: Knowing that it costs much more to obtain the sub-salt oil; this is a Good News, provided the profits - from the exports - are increasing proportionately: http://brazzil.com/brazils-black-gold-fortune-was-nothing-but-fools-gold/
Feb 21st, 2017 - 02:36 pm - Link - Report abuse 0
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