Brazilian oil is booming

The Brazilian oil industry is experiencing significant growth, with new platforms being developed by Petrobras, which aims to increase self-sufficiency in oil and derivatives. The company plans to build five new refineries by 2017 to boost refining capacity. However, the massive investment required poses challenges for Brazil, a developing country. Successfully overcoming these challenges will position Brazil among the world's top oil producers.

What is the expected daily extraction capacity of the new platform south of Rio?

• 100,000 barrels of oil and 3,000,000 cubic meters of gas

• 180,000 barrels of oil and 6,000,000 cubic meters of gas

• 200,000 barrels of oil and 5,000,000 cubic meters of gas

• 150,000 barrels of oil and 4,000,000 cubic meters of gas

What has contributed to Petrobras posting record profits?

• Increased domestic demand

• Government subsidies

• High oil prices

• Low production costs

By what year does Petrobras plan to build five new refineries?

• 2020

• 2015

• 2017

• 2025

What is a major challenge for Brazil in becoming a top oil producer?

• Political instability

• Insufficient manpower

• Need for advanced technology and expertise

• Lack of oil reserves

What will Brazil achieve by overcoming its oil production challenges?

• Become a net importer of oil

• Join the world's top oil producers

• Eliminate the need for foreign investment

• Reduce oil prices globally