Tuesday, January 13, 2009

Petrobras Breaks Monthly Oil Export Record in December

Brazil's Petrobras broke its own monthly oil export record in December, as the government-run company announced it exported 620,000 barrels of oil daily, easily surpassing the past record of 574,000 barrels exported daily set in October 2008.

For the month of December, Petrobras exported a total of 19.234 million barrels, with the U.S. accounting for 63 percent of those exports.

Other regions of export significance for Petrobras were Europe, which accounted for 21.4 percent of oil exports, South America, accounting for 5.4 percent of exports, and Asian and Caribbean countries, which combined for 5.0 percent of exports.

Monthly revenue for the month of December came in at $574 million.

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