Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with The Rio Times on 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 said, adding that Brazil’s crude and liquids production is set to jump from 3.3 million barrels per day (bpd) now. Currently, Brazil is out of the top ten of the world’s largest crude oil exporters , a ranking where Saudi Arabia is firmly in the lead. Brazil’s prolific pre-salt offshore oilfields have been ramping up production in recent years and are the main driver of rising oil production. Moreover, Brazil is one of the countries not part of the OPEC+ alliance that are expected to continue to contribute to […]