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Breaking Records: The Sino-Brazilian Oil Trade

In: China, Brazil and Petroleum

Author

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  • Pedro Henrique Batista Barbosa

    (Renmin University of China)

Abstract

Over history, BrazilBrazil and ChinaChina have followed different paths in their oiloil sectors. As mentioned above, China achieved self-sufficiencyself-sufficiency in 1965 and has been a net crudecrude exporterexporter until 1992. From then on, productionproduction has grown in a much slower speed than consumptionconsumption and the country increasingly relied on importsimports to satisfy its internalinternal needs. On the contrary, self-relianceself-reliance was never a feature of the BrazilianBrazilian oil industryindustry until 2006. The explorationexploration of pre-saltpre-salt provinceprovinces not only consolidated Brazil’s self-sufficientself-sufficient position, but also made the country to gradually become one of the world’s largest oil exporters.

Suggested Citation

  • Pedro Henrique Batista Barbosa, 2024. "Breaking Records: The Sino-Brazilian Oil Trade," Springer Books, in: China, Brazil and Petroleum, chapter 0, pages 35-66, Springer.
    • Handle: RePEc:spr:sprchp:978-981-97-5874-6_3
    DOI: 10.1007/978-981-97-5874-6_3
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