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Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventories

Schedule of inventories

​

​	​	​	​	​
​		2023		2022
Crude oil (1)		4,715,047		5,971,109
Fuels and petrochemicals (2)		2,356,585		3,241,154
Materials for goods production		3,130,816		2,667,771
​		10,202,448		11,880,034

(1) The variation is mainly due to higher consumption of crude oil inventories due to higher loads and processing of intermediate streams.

(2) The variation is mainly due to the lower level of imported product due to better operations in refineries, which reduces the weighted valuation.

Schedule of changes of the allowances for losses

​

​	​	​	​	​	​	​
​		2023		2022		2021
Opening balance		(128,797)		(127,662)		(109,549)
Additions		(23,373)		(18,236)		(58,437)
Increase due to business combination	​	—	​	—	​	(2,837)
Foreign currency translation		6,873		(3,591)		(1,449)
Other		(44,581)		20,692		44,610
Closing balance		(189,878)		(128,797)		(127,662)

​

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