Petrobras: Robust Recovery for Brazil
By Nancy DeMarco (Article from here)
Wednesday, December 23, 2009
JERSEY CITY, N.J. – Brazil is a huge country with a healthy appetite for lubricants, consuming more than 1.3 million cubic meters (about 1.18 million metric tons) in 2008. While the market may shrink about 3 percent in 2009, expect demand to grow 2 to 3 percent annually from 2011 to 2020, a Petrobras official told the ICIS conference here.