Brazil to ramp up oil output as Asia looks for Iran alternative
Energy
Planned 30% production increase would make Brazil world’s 5th largest supplier
Brazilian President Luiz Inacio Lula da Silva visits a Petrobras refinery on May 18. (Photo by Niki Mizuguchi)
SAO PAOLO — Brazil plans to increase domestic oil output by about 30% by 2032, a level that would make it one of the world’s top five producers.
