Petrobras Announces Six New Platforms

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Petrobras will put six new oil platforms into operation in 2013, Brazil’s semi-public oil giant has announced, adding around 840,000 barrels of oil daily to the company’s current output capacity. It has also announced that gasoline prices will be increased in the new year, with the company emphasizing it was selling at less than world-market prices.

Petrobras President Maria de Graças Foster said in an interview with O Globo newspaper that output and third-party production would increase “considerably” with the gradual introduction of . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?