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PBR » Topics » Imports and Exports

This excerpt taken from the PBR 20-F filed May 22, 2009.
Imports and Exports
 
We use exports and imports of crude oil and oil products to balance our domestic production and refinery capacity with market needs and optimize our refining margins, importing light crude for our refineries and exporting heavier crude that is surplus to our needs. We import
diesel due to insufficient production in our Brazilian refineries and export gasoline, largely because ethanol and vehicular natural gas provide a substantial share of Brazil’s light vehicle transportation fuels. We also export fuel oil and approximately 79% of our bunker fuel production.
 

 
 
 
     The table below shows our exports and imports of crude oil and oil products in 2008, 2007 and 2006:
 
             
    2008   2007   2006
    (mbbl/d)
 
Exports(1)
           
Crude oil
  439   353   335
Fuel oil (including bunker fuel)
  152   160   168
Gasoline
  40   59   44
Other
  42   43   34
             
Total exports
  673   615   581
             
Imports
           
Crude oil
  373   390   370
Diesel and other distillates
  100   83   56
LPG
  40   29   27
Naphtha
  23   17   20
Other
  34   19   15
             
Total imports
  570   538   488
             
 
 
(1) Includes sales made by PifCo to unaffiliated third parties, including sales of oil and oil products purchased internationally.
 
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