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Petrobras eyes billion-dollar gain from new sulfur requirements

State-owned Brazilian oil company Petrobras eyes extra earnings of USD 1 billion in 2020 on increased ship fuel sales resulting from the new sulfur requirements set to come into force next year.

Photo: Sergio Moraes/Reuters/Ritzau Scanpix

The new sulfur requirements, which will come into force at the turn of the year, could turn out particularly lucrative for Brazilian oil company Petrobras.

The state-owned oil firm predicts extra earnings of USD 1 billion in 2020 due to increased ship fuel sales as a consequence of the new global sulfur requirements from the IMO, which mean that ships may not sail on fuel with sulfur contents exceeding 0.5 percent as of Jan. 1, 2020.

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