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    Home ยป Brazil’s Petrobras says oil exports hit new record 1 million barrels a day in April

    Brazil’s Petrobras says oil exports hit new record 1 million barrels a day in April

    May 5, 2020
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    BRASILIA — Brazilian state-owned oil giant Petrobras said on Monday it exported a record 1 million barrels of oil a day in April, beating the previous record of 771,000 barrels a day in December last year.

    In a securities filing, Petroleo Brasileiro SA, as the firm is formally known, said that marked an increase of 145% over the same month a year ago.

    In the first four months of 2020, exports were up 25% on the same period last year, with 60% of them going to China, Petrobras said.

    Meanwhile, Petrobras also said on Monday that it has started the teaser phase for the sale of its entire stake in Campo de Manati, a shallow water concession in the Camamu Basin off the northeastern state of Bahia.

    Reporting by Jamie McGeever, editing by Louise Heavens

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