ANP says coronavirus not affecting Chinese imports of Brazilian crude oil
Feb, 16, 2020 Posted by Sylvia SchandertWeek 202008
According to the director general of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, the outbreak of the new coronavirus has not affected Brazilian exports of crude oil to China so far.
According to Reuters, Oddone acknowledged to journalists that expectations point to a drop in oil consumption by China. Restrictions on air, road and rail travel are expected to lower trade volumes in coming weeks. However, he stressed that he had no record of negative effects on Brazilian exports.
“We haven’t seen one (impact) here yet … I have no information from any company reporting difficulties in negotiating and selling oil to China,” said Oddone, during the signing ceremony for bidding round contracts.
As much as 70% of all Petrobras exports go to China. Recently, the company’s president, Roberto Castello Branco, also said the company was not affected by the coronavirus in terms of exports and sales.
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