The Brazilian oil company Petrobas announced that during the month of May it registered a record of oil exports, despite the coronavirus crisis.
Specifically, the company noted that a record 1.11 million tons of crude oil was recorded, representing a 231% higher volume compared to the same period but in 2019.
The largest company in Brazil highlighted in a statement that the volume of oil exported in May was 10% higher than in February, which was its record and before the pandemic caused a stoppage of activities worldwide.
“The record for exports came in a challenging period for the world economy with reduced global demand for oil and derivatives caused by the COVID-19 pandemic”, the company said in the statement.
According to Petrobras, its “strategy of diversifying the destinations of crude oil exports has been effective in capturing a greater participation in the external market”.
K. Tovar
Source: Venevision
