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Due to its ethanol fuel production, Brazil has sometimes been described as a bio-energy superpower. [54] Ethanol fuel is produced from sugar cane. Brazil has the largest sugar cane crop in the world, and is the largest exporter of ethanol in the world. With the 1973 oil crisis, the Brazilian government initiated in 1975 the Pró-Álcool program.
The Tupi oil field (reverted from Lula oil field) is a large oil field located in the Santos Basin, 250 kilometres (160 mi) off the coast of Rio de Janeiro, Brazil. [2] The field was originally nicknamed in honor of the Tupi people and later named after the mollusc, however it was also ambiguously similar to the name of former Brazilian president Luiz Inácio Lula da Silva.
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94 % of known oil is concentrated in fewer than 1,500 giant and major fields. [2]
However, Brazil represented 92% of Petrobras' worldwide production in 2014 and accounted for 97% of Petrobras' worldwide reserves on 31 December 2014, [2] when the company had 8,112.8 million barrels of oil equivalent (4.9633 × 10 10 GJ) of proved developed reserves and 4,599.7 million barrels of oil equivalent (2.8140 × 10 10 GJ) of proved ...
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Shale oil production started in the 1890s and lasted few years. [41] [42] In Brazil, oil shale was first exploited in 1884 in Bahia. [43] In 1900 shale oil extraction industry was initiated also in New Zealand. [33]
The economic history of Brazil covers various economic events and traces the changes in the Brazilian economy over the course of the history of Brazil. Portugal , which first colonized the area in the 16th century, enforced a colonial pact with Brazil, an imperial mercantile policy, which drove development for the subsequent three centuries. [ 1 ]