With Brazilian oil demand set to continue, Petrobras is making big plans for oil and gas as well as testing the water with greener fuels, although it is not yet investing in other renewables such as solar or wind power. As several countries move away from fossil fuel production towards renewable alternatives, many will have to import oil and gas to bridge the gap during the transition period.
Meanwhile, the Energy Information Administration predicts that Brazil’s consumption of crude will rise 34 percent over the next three decades. Petrobras…Brazil Rushes Ahead With Key Oil Projects As Prices Remain Elevated
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