Petrobras concludes 2020 with 33% rise in oil exports

Petrobras exported a record 713,000 barrels of oil per day (bpd) in 2020, up 33% on the previous year, as a result of the company’s search for foreign sales in the face of a weak domestic market, the state-owned oil company said in its production report. In the fourth quarter, oil exports averaged 618,000 bpd, down 4.5% on the same period in 2019, with a recovery in the domestic market.

Source: UOL Economia