Tag Archives: Peak

Petrobras Brasil was chasing buyers in India as oil exports took off | Instant News


RIO DE JANEIRO (Reuters) – As Petrobras controlled by the Brazilian state PETR4.SA rapidly increasing oil production and exports, executives are looking for a new market: India.

In an interview as part of the Reuters Commodities Trade Summit, Chief Executive Roberto Castello Branco said crude oil sales to China – an increasingly important export market for Brazilian oil – will continue to pick up amid strong industrial growth there and an increase in some off-field countries. the largest beach in the world in Brazil.

But Petrobras’ newly reorganized marketing and logistics division is actively seeking additional markets, especially in Asia.

The company, for example, has begun chasing new buyers in India, which Petroleo Brasileiro SA hopes to formally call the company, hopes to become a relevant client within three years as it moves to diversify its buyer mix and minimize its dependence on China. .

“We hope this has a positive evolution in the near term, in roughly three years to have a consolidated position in the (Indian) market,” Castello Branco told Reuters.

The company is also increasing its fuel oil exports to Singapore. The country, which acts as a shipping hub, has increased purchases of low-sulfur Petrobras fuel to comply with new maritime laws intended to reduce greenhouse gas emissions. Production from the large deep sea Buzios field enlarged Brazil’s oil surplus and enabled Petrobras to raise its 2020 production target by 5% in recent weeks.

Producers are also bracing for stronger internal competition as they sell refineries and try to end the near-near monopoly of Brazilian fuel production. “To face stronger competition, we put the logistics, sales and marketing divisions … to act as active sellers, not passive sellers,” said the CEO. Although recently rising to become the third largest oil supplier to China, ahead of the United States, Brazil is still a relatively small seller to the Asian country compared to Russia and Saudi Arabia, says Castello Branco – but not for lack of appetite. China will absorb all the oil Brazil has to offer and often pays a premium for sweet crude from Brazil’s Tupi fields, he said. In April, Petrobras hit a historical figure of 1 million barrels per day of crude shipped to China as a sharp drop in internal fuel consumption diverted oil from domestic refineries. “At the moment, we don’t have the capacity to sell 1 million (barrels per day),” said Castello Branco. “With increased oil production, we will have the availability to do that.”

Reporting by Sabrina Valle; Edited by Kirsten Donovan and Marguerita Choy

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Reuters summit: Brazil’s Petrobras is chasing buyers in India as oil exports take off | Instant News


FILE PHOTO: The logo of the Brazilian state-owned Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS / Sergio Moraes / Photo File / Photo File / Photo File

RIO DE JANEIRO (Reuters) – As Brazil’s state-controlled Petrobras is rapidly increasing oil production and exports, executives are looking for a new market: India.

In an interview as part of the Reuters Commodities Trade Summit, Chief Executive Roberto Castello Branco said crude oil sales to China – an increasingly important export market for Brazilian oil – will continue to pick up amid strong industrial growth there and an increase in some off-field countries. the largest beach in the world in Brazil.

But Petrobras’ newly reorganized marketing and logistics division is actively seeking additional markets, especially in Asia.

The company, for example, has already started looking for new clients in India, which Petroleo Brasileiro SA hopes to formally call the company, hoping to become a relevant client within three years as it moves to diversify its buyer mix and minimize its dependence on China. .

“We expect this to have a positive evolution in the near future (in India), in roughly three years to have a consolidated position in the market.”

Reporting by Sabrina Valle; Edited by Kirsten Donovan

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Organic Thanksgiving and Soybean Exports to Brazil | Instant News


Organic Thanksgiving and Soybean Exports to Brazil



From the Ag Information Network, I’m Bob Larson with you

Agribusiness Renewal.

** The pandemic-related effects have transformed the supply and demand for timber, sending prices to record highs.

Analysts say wood production is slowing due to stay-at-home guidelines and social distancing affecting factories.

At the same time, more wood has been purchased for home improvement work and expansion projects.

The price of timber has fallen sharply since mid-September, but remains higher than the previous record set in 2018.

** Carrots, potatoes, lettuce, onions and tomatoes were among the top 10 categories by volume in the third quarter Organic Production Performance Report.

thepacker.com reports that when the weather is cold and food preparation turns to a more delicious meal, organic vegetables are likely to play an important role.

Thanksgiving has traditionally been a big event for certain organic produce items, but Brian Peixoto, sales manager of California-based Lakeside Organic Gardens, said it’s uncertain what conditions will be like this year because of COVID-19.

https://www.thepacker.com/article/organic-vegetable-growers-gear-holidays?mkt/

** The US grain export terminal near Baton Rouge, Louisiana, has loaded about 38,000 tonnes of US soybeans for shipment to Brazil.

That’s unusual, according to agweb.com, because Brazil is the world’s largest exporter of soybeans and hardly ever needs imports.

But this year, Brazilian farmers have sold large volumes to major importers of China, leaving little for domestic consumption and that has led to higher prices for Brazilian meat feeding and packaging operations, and contributed to food inflation.

https://www.agweb.com/article/brazil-bound-us-soybean-vessel-loading-gulf-coast-terminal?mkt/

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Development priority of Balochistan government: PM – Pakistan | Instant News


Published in October 29, 2020 19:01

Balochistan government’s top priority development: PM

ISLAMABAD (Dunya News) – Prime Minister Imran Khan said that his government has given top priority to the development of Balochistan so the region must make development and progress like the rest of the country.

According to the details, he chaired a meeting on development projects for the disadvantaged areas of South Balochistan in Islamabad on Thursday.

Imran Khan said South Balochistan was neglected in the past, which caused people in this area to face poverty and underdevelopment. He said Gwadar port was the most important which would prove to be an important milestone for the country’s development.

The Prime Minister further said that he will soon visit South Balochistan and announce a comprehensive development package for the area and also formalize projects under this announcement.

The meeting learned about the proposed development packages for underdeveloped districts in South Balochistan, in particular Khuzdar, Awaran, Chaghi, Kharan, Washik, Lasbela, Gwadar, Panjgur and Turbat.

Detailed briefings were also given on roads, energy, dams for water storage, education, health, agriculture, livestock, fisheries and other projects for South Balochistan.

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Providing employment opportunities for young people, increasing the export of the government’s top priority: PM Imran – Pakistan | Instant News


Published in October 08, 2020 16:32

He said the government is committed to providing all possible facilities to SMEs

ISLAMABAD (Dunya News) – Prime Minister Imran Khan said on Thursday that providing youth jobs and increasing exports were among the government’s top priorities.

Chairing the meeting of the National Coordinating Committee for Small and Medium Enterprises in Islamabad on Thursday, he said that the promotion of small and medium enterprises will play an important role in achieving targets in these priority areas.

The prime minister said SMEs had been neglected for the past 10 years, which had a negative impact on the country’s economy.

Imran Khan went on to say that all federal and provincial government departments should pay special attention to the promotion of the SME sector in line with government priorities.

He said the government is committed to providing all possible facilities to SMEs, including providing credit, ease of taxation systems, and ease of doing business.

The prime minister also directed the Minister of Industry to finalize the earliest road map based on the schedule in consultation with the province on the implementation of the proposed SME policy.

The proposed 2020 National SME Policy was presented to the Prime Minister at the meeting.

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