USD 63.9453

+0.1

EUR 70.2759

-0.32

BRENT 64.08

-0.37

AI-92 42.29

-0.02

AI-95 45.94

-0.01

AI-98 51.57

-0.02

Diesel 45.99

+0.02

18

Brazil Becomes Completely Independent with New Oil Rig

Brazilian President Luiz Inacio Lula da Silva has opened a vast new oil rig

Brazilian President Luiz Inacio Lula da Silva has opened a vast new oil rig which will make the country to be independent in the oil production.

The platform of more than $600 million worth will generate 180,000 barrels a day.

The total amount of oil produced by Brazil now exceeds the amount consumed by its people.

In the past, South America's largest country had been painfully dependent on imported oil.