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Petrobras Plans To Increase Crude Exports By 239K b/d Between 2017-2021

Oil

Petrobras plans to increase its crude exports from 503K b/d in 2017 to 742K b/d in 2021, Argus reports, citing a comment from Petrobras. A large part of the growth is expected to come from medium crudes, with the country’s crude export slate expected to shift from 62% medium and 38% heavy currently to a ratio of 76% to 24% by 2021.