Petrobras exports to China increase

Petrobras' oil exports to China soared in the second quarter. The Asian country accounted for 87% of total foreign production in the period, compared to 48% in the first quarter. 

For the oil company, the result shows the strong commercial relationship with the country. Moreover, in this second quarter, China is already experiencing a different time from the covid-19 pandemic. 

In total, exports of oil, derivatives and others reached R$ 14.973 billion in the second quarter, down 3% in the year and 39.4% in the quarterly comparison. The country that bought the most derivatives was Singapore, which accounted for 49% of exports in the quarter, up from 53% in the first quarter. The second main buyer was the United States, with 35%.

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