Business

First time Brazil hits more than 1 billion barrels of oil a year

Brazil produced 1.018 billion barrels of oil in 2019, 7.78% more than the previous year, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) said. December also had a record of 3.106 million barrels per day, up 0.52% from the previous month and up 15.44% from December 2018.

Source: G1 Globo

Categories: Business, Industry

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