Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is likely one of the 11 Grime Low cost Shares to Purchase In response to Analysts. On October 9, Reuters reported that Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) will provide about 20% of Brazil’s complete demand for nitrogen fertilizers in 2026. This can be achieved as the corporate restarts operations at three native vegetation in line with the corporate’s CEO, Magda Chambriard.
The Brazilian state-run oil firm’s Bahia and Sergipe vegetation, each situated in northeastern Brazil, are anticipated to ship 5% and seven% of the nationwide urea market, respectively. That is a part of Petróleo Brasileiro S.A. – Petrobras’ (NYSE:PBR) strategic plan.
The corporate’s unit in Parana state, in southern Brazil, has already restarted operations and is anticipated to produce 8% of the nationwide urea demand. All three operations had been beforehand not working.
At an occasion in Bahia state, Chambriard additionally talked about that Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is making efforts to restart a nitrogen fertilizer plant in Mato Grosso do Sul state. This plant will assist provide an extra 15% of the nation’s complete demand, permitting Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to ship a complete of 35% of all of the nitrogen fertilizer wants of Brazil.
These investments assist President Luiz Inacio Lula da Silva’s push for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to renew investing within the nitrogen fertilizer business. Brazil at the moment depends closely on fertilizer imports.
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian petroleum and fuel firm that’s re-entering the fertilizer market to assist Brazil scale back its dependence on imports.
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