Brazil-Oil Reserves.

BRAZIL.

OIL DEPOSITS.

Brazil’s oil reserves, could be as much as 80 billion barrels, according to the head of Brazil’s National Petroleum Agency, Harolda Lima." Dimensions are so big that we still don’t have a good vision of what this means to Brazil, as all indicators show us that we may have over 100 billion barrels".

This will make Brazil the leading oil producer in the world, after Saudi Arabia.

Previous reserves were estimated at 14.5 billion barrels.