Brazil has a series of actions that, if done correctly, can make the country jump in the world ranking of oil production

Brazil today has a very important position in the production and export of oil in the world. Occupying the 7th position currently, Brazil expects to reach the fifth or fourth occupation by 2030. José Mauro Coelho, Secretary of Petroleum, Natural Gas and Biofuels of the Ministry of Mines and Energy, gave an interview to TV Brasil, where he highlighted the plans of the Brazil to reach this ambitious target over the next 9 years. 

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One of the important measures that will help Brazil skyrocket in the ranking of global oil production is the long-awaited second stage of the auction of the Onerous Assignment (excess of the volume of oil and gas that the Union assigned to Petrobras (PETR4), where the fields of Sepia e atapu. 

"In recent years, we have seen a declining production of fields on land and mature fields at sea but in the post-salt area”, said secretary José Mauro Coelho. 

The secretary also highlighted Petrobras' plan to sell eight oil refinery assets. José Campos believes that the increase in competitiveness and concentration of power in Petrobras can bring many benefits to the sector. 

"The federal government wanted to work on an opening of the market, that the market had greater competition, greater dynamism, a greater plurality of agents and, of course, this brings benefits to the Brazilian consumer. This competition has the potential to lead to price reductions.", said. 

José Campos also highlighted Brazil's goal of increasing from 25% to 30% the use of fuels renewable. The projection is also ambitious, but it can give even more prominence to the Brazil in the sector. Watch the full interview with José Mauro Coelho below.