Brazil’s oil extraction fell by 6 percent

Sunbd Desk || Published: 2021-04-28 11:21:29 || Updated: 2021-04-28 11:21:29

Brazil is currently one of the world’s top oil producers. Last year, the country increased its oil extraction and exports in the wake of the Corona epidemic. However, Brazil’s oil production has declined this year. Besides, natural gas extraction has also decreased. In the first quarter of this year, the withdrawal has decreased by 6 percent compared to the same period last year. The country’s National Petroleum Agency (ANP) said in a statement on Monday. News Reuters.

Brazil’s state-owned fuel giant Petrobras. The company is also known locally as Petrolio Brasileiro. Petrobras extracts 75 percent of the fuel oil produced in Brazil. Industry insiders say the country’s overall extraction has also declined as fuel giant Petrobras has reduced its oil production.

According to the National Petroleum Agency (ANP), Brazil extracted an average of 2.8 million barrels of fuel per day in the first quarter of this year. In the first quarter of last year, the country extracted about 3 million barrels of fuel oil per day.

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