Anticipating possible fuel shortages, particularly diesel, the Brazilian government is considering importing the fuel from Russia. Currently, only Petrobras imports diesel from India, the country which is refining Russian oil. Brazil's foreign ministry is already helping private companies with the necessary accreditation for such operations through Abicom, the fuel importers association.Add your comment!
Brazilian President Jair Bolsonaro has hinted he might purchase diesel from Russia after a telephone conversation with Vladimir Putin, who had reportedly vowed to guarantee the South American country a steady supply of fertilizers despite the ongoing war with Ukraine.Add your comment!
Caio Mário Paes de Andrade has been approved Monday as the new CEO of Brazil's state-run oil company to replace José Mauro Coelho, who lasted merely 68 days on the job.Add your comment!
Uruguay's oil refining and fuel distribution company Ancap announced on Friday that three blocks and exploration licenses in the country's maritime shelf had been awarded. Two of them were acquired by Shell and the third by Apache Corporation, including an exploratory well, in the framework of the Open Uruguay Round.Add your comment!
Argentina's oil output reached its zenith in 20 years with 584,000 barrels per day (bpd) delivered in May of 2022, thanks mostly to unconventional developments, it was reported Tuesday.Add your comment!
While Brazil's Energy Minister Adolfo Sachsida appeared Tuesday before the Lower House to answer questions about the current situation regarding the state-owned oil company Petrobras, the Government of President Jair Bolsonaro is concocting other strategies to curb the neverending increases in the price of fuel.Add your comment!
Germany will have to increase the burning of coal for electricity production, because of the cut in gas supplies from Russia, economy minister Robert Habeck announced, despite his Greem party's policy favoring green energy and eliminating fossil fuel.
After barely 40 days on the job, José Mauro Coelho resigned as CEO of Brazil's state-run oil company Petrobras due to pressure from President Jair Bolsonaro and other politicians over a recent increase in the price of fuel, which drives inflation upwards ahead of the Oct. 2 elections. Bolsonaro had dubbed the price hike a “betrayal” of the Brazilian people.
The shortage of diesel fuel, which at first affected only 8 provinces, has spread to the extent that Patagonia is the only region not yet going through a crisis, it was reported.
The Paraná and Paraguay rivers have noticeably begun their recoveries from year-long downspouts after constant rains in the past few days, Paraguayan authorities have reported.