Brazil produced 1.018 billion barrels of oil in 2019, marking the first time the South American nation passed the billion-barrel mark for annual production, the national oil regulator said on Wednesday.
In a statement, the regulator, known as the ANP, said 2019 output increased 7.78% over the previous year. Brazil produced 3.106 million barrels per day of oil in December, up 0.52% from the previous month and up 15.44% from December 2018.
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