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21.07.2618:56 Culture
Director General of M. I. Rudomino All-Russian State Library for Foreign Literature, Marina Zakharenko: "Without understanding of another’s culture, it is impossible to build dialogue and long-term partnerships"
15.07.2617:00 Economy
India strengthens healthcare access through community and digital services
15.07.2616:30 Economy
Executive Secretary of United Nations Convention to Combat Desertification, Yasmine Fouad: “Regardless of different cultures and identities, United for Land is message we are trying to promote, and it goes beyond rangelands campaign”
13.07.2612:30 Culture
Mariinsky Theatre and TV BRICS to promote classical theatre arts across BRICS countries
03.07.2612:00 Society
Ghana joins international exchange of information via TV BRICS
30.06.2612:00 Society
Latin American countries establish media cooperation with BRICS via TV BRICS
TV BRICS
Brazil
22.12.24 14:17
Economy

Brazil plans to significantly increase oil production by 2025

According to official data, the country produced an average of 3.4 million bpd this year until October


Brazil's oil production is expected to reach 3.6 million barrels per day (bpd) in 2025, up about 6 per cent from an accumulated average of 3.4 million bpd this year through October, according to the data from the Brazilian Petroleum Institute (IBP). 

Brazil could earn 120 billion reals (US$19,4 billion) from oil in 2025, according to a study by the Brazilian Institute of Oil and Gas (IBP). This is reported by Brasil 247, a partner of TV BRICS.

The calculation includes royalties, special shares and profits from the sale of the production share transferred to the federal government. IBP estimates that between 2025 and 2028, the country's revenue from the commodity will be R$600 billion (US$97,3 billion).

"We are becoming an increasingly relevant country not only as an energy power but also as a traditional energy source," said Roberto Ardenghy, president of IBP.

The technical team at IBP also emphasised the importance of new frontiers to maintain oil and gas production levels in the country.

Photo: iStock
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Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data