Petrobras removes 133 tonnes of oil from Brazil's beaches, CEO says

FILE PHOTO: Roberto Castello Branco, CEO of Brazil's state-run oil company Petrobras attends the ceremony of the secondary share offering and privatisation of its fuel distribution unit, at Brazil's B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. REUTERS/Amanda Perobelli

BRASILIA (Reuters) - State-run oil company Petroleo Brasileiro has collected 133 tonnes of oil along Brazil’s northeastern shoreline, Chief Executive Roberto Castello Branco said on Tuesday, in an unexplained mystery he said was worrying.

Speaking with lawmakers, he said the company had not identified any of its own oil in its analyses.

He also said that, in order to maintain stable production, Petrobras, as the company is known, needed new reserves of 1 billion barrels per year, at a cost of $3 billion.

Reporting by Gabriel Ponte; Editing by Edmund Blair