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Petrobras reports record high refinery output in 2024

Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel, the state-run oil firm said on Friday.

Gasoline output totaled 24.4 B liters (l), topping 24.2 Bl hit in 2014, while diesel production reached 26.3 Bl, eclipsing the record set the previous year, Petrobras said in a securities filing.

The oil giant added that its annual refinery utilization rate was 93.2% last year, up from 92% in 2023.

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