ANP Sets July To Complete Review of Oil Reference Price Criteria

Written by Carla Teles

Published on 02/06/2025 at 15:03

ANP define julho para finalizar a revisão do preço de referência do petróleo, afetando participações governamentais. PMEs aguardam até 2027; Congresso age.

Be the first to react!

The Regulatory Agency Has a New Deadline to Finalize the Discussion on the Reference Price of Oil, Crucial for Calculating Government Participation. Meanwhile, the Definition for Small and Medium-Sized Enterprises in the Oil Sector Has Been Postponed.

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) has set July as the new deadline for completing the review of Resolution 874/2022. This resolution defines the criteria for the reference price of oil. The topic, under discussion since 2022, promises a resolution soon.

New Regulatory Deadline and the Urgency in Defining the Oil Price

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) expects to complete the review of Resolution 874/2022 in July. This resolution is crucial as it defines the criteria for the reference price of oil. This price is used in calculating government participation. The new deadline was included in the regulatory agenda for 2025-2026. This agenda was approved by the agency’s directors on May 29.

The conclusion of this review is an important demand. The Ministry of Finance has already pressured the agency. Oil-producing states and municipalities are also awaiting the definition. The ANP itself calculated, in 2022, a significant loss. It is estimated that the absence of review could generate R$ 6 billion per year in losses.

ARTICLE CONTINUES BELOW

Details and History of the Review of Resolution 874/2022

The review process of the resolution on the oil price is under the responsibility of Director Symone Araújo. This issue has been discussed at the agency for three years. Additionally, it has already been the subject of two public consultations, seeking contributions from society and the market.

In 2023, Director Symone Araújo presented a transition proposal. This proposal outlined a 12-month period with a grace period of 6 months. This period would begin after the approval of the resolution. However, that approval did not occur last year.

Definition for Small and Medium-Sized Enterprises in the Sector Postponed to 2027

Symone Araújo is also responsible for another related case. It concerns the review of the rules for setting the reference price of oil for small and medium-sized enterprises. The understanding is that smaller companies should follow different criteria for government participation charges.

However, this specific action will have a later conclusion. According to the regulatory agenda, the definition for these companies is expected to be finalized only in 2027. This means nearly five years after the discussions on the topic began. It is important to note that the two processes reported by the director are among the 28 actions that migrated from the previous regulatory agenda. These 28 actions represent 50% of the total that was not completed in the past period.

Congress Reacts to ANP’s Delay with Proposal for Oil Royalties

In light of the ANP’s delay in completing the reviews, the legislative body itself has taken initiatives. Two weeks ago, Representative Gabriel Nunes (PSD/BA) presented an important report. This is the report of Bill PL 50/2024, authored by Representative Hugo Leal (PSD/RJ).

The text of this bill proposes to alter the calculation basis for royalties. The change would apply to the production of oil and natural gas. According to the presented opinion, the calculation of oil royalties should be based on “the actual value of the transacted asset”. This measure has the potential to increase federal, state, and municipal revenues.

Nunes suggests two ways to calculate this basis. The first would be through “the prices of transactions effectively carried out in the market”. The second option would be the “transfer price”. This concept was internalized in Brazil by a law in 2023. It involves transactions between related parties, such as oil exports. The text of Bill PL 50/2024 is now awaiting a vote in the House of Representatives Committee on Mines and Energy.

ANP Sets July To Complete Review of Oil Reference Price Criteria

The Regulatory Agency Has a New Deadline to Finalize the Discussion on the Reference Price of Oil, Crucial for Calculating Government Participation. Meanwhile, the Definition for Small and Medium-Sized Enterprises in the Oil Sector Has Been Postponed.

New Regulatory Deadline and the Urgency in Defining the Oil Price

Details and History of the Review of Resolution 874/2022

Definition for Small and Medium-Sized Enterprises in the Sector Postponed to 2027

Congress Reacts to ANP’s Delay with Proposal for Oil Royalties

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

Ship from China arrives at the Port of Manaus with 5,000 tons of cables and marks a new phase of subfluvial internet after logistical operation, transshipment of optical fiber, and advancement of Norte Conectado in the Amazon.

Port of Suape rises 38.5% and Itaqui soars 44% in January as the Northeast becomes the growth engine of Brazil’s public ports.

INSS biometrics mandatory: government ‘extends’ the deadline and now beneficiaries need to stay alert

Ship sunk in 1893 in the Itajaí River is set to be removed from the port channel to make way for larger vessels, says the Port Superintendent, after more than 130 years at the bottom with a technical contract about to be signed in Santa Catarina.

Jeep drops the price of the Renegade by more than R$ 38,000 and surprises the market by becoming cheaper than the Fiat Pulse with an unprecedented aggressive strategy in Brazil.

ANP Sets July To Complete Review of Oil Reference Price Criteria

The Regulatory Agency Has a New Deadline to Finalize the Discussion on the Reference Price of Oil, Crucial for Calculating Government Participation. Meanwhile, the Definition for Small and Medium-Sized Enterprises in the Oil Sector Has Been Postponed.

New Regulatory Deadline and the Urgency in Defining the Oil Price

Details and History of the Review of Resolution 874/2022

Definition for Small and Medium-Sized Enterprises in the Sector Postponed to 2027

Congress Reacts to ANP’s Delay with Proposal for Oil Royalties

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

China has begun the second phase of energy assistance to Cuba with a 120 MW solar generation plan, and the first result is a photovoltaic park with batteries that regulates voltage, controls frequency, and provides local autonomy to an island suffocated by chronic blackouts.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

U.S. pre-market falls with fears of global inflation and expectation of increased Chinese oil purchases

While oil fields bury saltwater underground, a pilot in the US uses solar steam without electricity for desalination of hypersaline water and transforms Permian waste into a potential agricultural and industrial resource.

Oil fluctuates above $100 after meeting between Trump and Xi Jinping and progress in Middle East negotiations

OPEC reduces oil demand forecast for 2026, but bets on global market recovery in 2027

Braskem’s new generation tankers will cross over 5,500 nautical miles between the U.S. and Brazil, reduce CO₂ emissions by 30%, and transport naphtha with modern engines, an optimized hull, and a focus on at-sea efficiency on a strategic route.

Ship from China arrives at the Port of Manaus with 5,000 tons of cables and marks a new phase of subfluvial internet after logistical operation, transshipment of optical fiber, and advancement of Norte Conectado in the Amazon.

Port of Suape rises 38.5% and Itaqui soars 44% in January as the Northeast becomes the growth engine of Brazil’s public ports.

INSS biometrics mandatory: government ‘extends’ the deadline and now beneficiaries need to stay alert

Ship sunk in 1893 in the Itajaí River is set to be removed from the port channel to make way for larger vessels, says the Port Superintendent, after more than 130 years at the bottom with a technical contract about to be signed in Santa Catarina.

Jeep drops the price of the Renegade by more than R$ 38,000 and surprises the market by becoming cheaper than the Fiat Pulse with an unprecedented aggressive strategy in Brazil.