According to the oil, gas and naval strategic content coordinator at the Federation of Industries of the State of Rio de Janeiro (Firjan), Fernando Montera, Rio de Janeiro, the largest producing state in Brazil, increased production by 130,000 barrels/day, up 5.5% in the first six months of 2022. In Brazil, growth was 1.5%. The production in the state of Alagoas also grew in the first semester, 400 barrels a day. “It was enough to compensate for the drop in other states and also to increase the country’s total production”. “Brazil is currently experiencing an oil supercycle. The price surpasses R$ 600, a value never seen before in the country. This reflects, in revenue, in government actions, in investment appetite,” Montera told Agência Brasil.
Sources: Agenca Brasil/Nova Cana (*Translated by ia Niani)