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Brazil will be world’s fifth largest oil exporter in 2030 – Energy Minister

RIO DE JANEIRO, BRAZIL - Brazil, which only began exporting more oil than it imported in 2019, will become the world's fifth-largest exporter of crude oil in 2030 thanks to a sharp increase in its production, Brazilian Mines and Energy Minister Bento Albuquerque said Thursday.

"In 2030, when we reach a production of 5.3 million barrels of oil per day, Brazil will become the fifth largest exporter in the world," Albuquerque asserted in an interview with a group of foreign correspondents.

The minister affirmed that Brazilian oil production would jump from 3.3 million barrels per day in . . .

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