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Petrobras expects to boost 2015 oil exports to 350K b/d

Oil

Brazil's state oil firm Petobras expects to raise its oil exports to 350K b/d in 2015, up from exports of 232K b/d in 2014, Reuters reports, citing crude oil manager Fernando Colares Nogueira. Output has so far this year been boosted largely by subsalt reserves south of Rio de Janeiro, while all of the firm's refineries are running at or near full capacity. China and India are expected to be the main destinations, with US imports declining in line with the country's higher domestic production.