Brazil to Achieve Oil Self-sufficiency by December

Brazil to Achieve Oil Self-sufficiency by December - Prensa Latina: "Brazil to Achieve Oil Self-sufficiency by December

Rio de Janeiro, Jul 25 (Prensa Latina) Brazil should achieve production of 1.8 million barrels of oil daily by December to achieve self-sufficiency in oil, according to estimates from state company Petrobas published Monday.
This production will allow a saving of $3 billion annually in crude oil and derivative imports, Jose Eduardo Dutra told O Globo before retiring from the presidency of the company.
To reach that production, the country will implement a platform that will produce 180,000 additional barrels of oil daily, and other 60,000 barrels from the Jubarte field.
Despite that self-sufficiency Brazil will not stop importing oil because its refineries only process light crude oil, but as compensation it will export the heavy ones it cannot refine, until a technological modification expected to be completed in 2010."