Brazilian oil production set a record in 2020, despite the worst crude-market in history. Last year, Brazil produced about 2.938 million barrels a day of crude oil, which represents an increase of 5.5% in relation to 2019, according to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In 2021, Brazilian oil industry is expected to set a new historical record. The year of 2020 was the second consecutive year of production growth in Brazil. The new record comes even after a weaker second half, as the volume of oil has been falling since August. In December, the volume of crude oil declined to 2.726 million barrels a day, a reduction of 1% when compared to November. The decline can be explained by the great number of scheduled shutdowns on platforms in the second half of the year. S&P Global Platts points out that Brazilian production shows the first signs of recovery in the beginning of 2021, however slower than expected. Even so, the company projects a growth of 120 thousand barrels/day in production in Brazil for 2021 and 150,000 barrels/day for 2022, driven by the pre-salt projects. Before the file starts saving, the 1xbet download page shows the apk size and the Android version it requires. That screen sits one tap above the cashier and deposit sections that appear once the app is installed.
Source: Valor
*Translated by Ia Niani