Brazil will be world’s fifth largest oil exporter in 2030 – Energy Minister

"Oil is already in third place among the products that generate the most resources for the Brazilian trade balance," Brazilian Mines and Energy Minister Bento Albuquerque said.

RIO DE JANEIRO, BRAZIL - Brazil, which only began exporting more oil than it imported in 2019, will become the world's fifth-largest exporter of crude oil in 2030 thanks to a sharp increase in its production, Brazilian Mines and Energy Minister Bento Albuquerque said Thursday.

"In 2030, when we reach a production of 5.3 million barrels of oil per day, Brazil will become the fifth largest exporter in the world," Albuquerque asserted in an interview with a group of foreign correspondents.

The minister affirmed that Brazilian oil production would jump from 3.3 million barrels per day in . . .

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