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Brazil to become world’s fifth largest oil exporter by 2030

RIO DE JANEIRO, BRAZIL - By 2030, Brazil will be exporting 5.3 million barrels per day, according to Minister Bento Albuquerque. He added that the country is already the world's seventh largest oil producer and exporter.

During a public hearing of the Chamber's Mines and Energy Committee, the Minister said that crude oil exports injected R$100 (US$19.1) billion in the country last year.

He said that Brazil is currently the fourth largest market for automotive fuels, having been surpassed by India last year, which took third place.

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