“I have a visit planned in saudi Arabia, in the middle of the year, and then we can start the discussion,” he told Reuters.
He went on: “it’s not an option to go with in the year.
the Brazilian oil industry, has in the past rejected proposals to connect the country to the Opec, as they fear it will limit the country’s oil production.
“It’s a matter of negotiation, and we need to start the discussion,” says Albuquerque.
The brazilian energiministerns visit to the kingdom of saudi Arabia is scheduled for July, is based on the fact that saudi Arabia is the chair of the g-20.
in Albuquerque, will see Brazil’s oil production expected to grow to 3.5 million barrels per day by 2020, up from 3.1 million a day last year. The goal is to increase exports to 1.4 million barrels per day from last year’s 1.1 million, and at the same time, to expand the search for new sources of oil to exploit.
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