Brazil Oil and Gas Downstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The market for the oil and gas downstream sector in Brazil is expected to grow at a CAGR of more than 5.13% during the forecast period of 2020 – 2025. Factors such as increasing demand for natural gas and increasing demand for refined petroleum products are expected to boost the demand for the Brazil oil and gas downstream market during the forecast period. However, low investment in the country has reduced optimism and therefore decreased the growth in the oil and gas downstream sector.
Key HighlightsThe Brazil oil and gas downstream market is consolidated. Some of the major companies include Petroleo Brasileiro SA, Repsol SA, Refinery de Petróleo Riograndense SA, Royal Dutch Shell Plc, and Chevron Corporation.
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