Cidades produtoras de petróleo terão que aprender a viver com 50% à menos de royalties

Oil-Producing Cities Will Have to Learn to Live With 50% Less Royalties

Written by Paulo Nogueira

Published on 23/08/2017 at 07:24

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The ANP Announced That This Measure Applies Only to Mature Oil Fields and Will Encourage Investment and Job Creation

[supsystic-social-sharing id=’1′]From now until 6 months, the National Agency of Oil, Natural Gas and Biofuels intends to link the resolution that will enable the municipalities receiving royalties from mature fields to now receive only half. Décio Oddone, the director, issued this statement yesterday (22)

According to him, the intention today is to reduce the rates from 10% to 5%, as these fields are in an upward production phase, so the current rates are unfeasible.

According to Oddone, this resolution will have almost instant effects towards the revitalization of these mature fields. Large companies in the sector have already stated that they will invest heavily, which will compensate for the rate cuts, and naturally, the federal institutions will exponentially maximize their revenues.

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Producing Cities Will Have to Work Twice as Hard

With the reduction of half of their oil revenues, municipalities will now have to learn to live with this new reality. The population of these cities expects new projects to create cash flow, because the lesson this crisis taught us is that oil is not forever, and there are other industries to be explored as sources of revenue.

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Oil-Producing Cities Will Have to Learn to Live With 50% Less Royalties

The ANP Announced That This Measure Applies Only to Mature Oil Fields and Will Encourage Investment and Job Creation

Producing Cities Will Have to Work Twice as Hard

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Oil-Producing Cities Will Have to Learn to Live With 50% Less Royalties

The ANP Announced That This Measure Applies Only to Mature Oil Fields and Will Encourage Investment and Job Creation

Producing Cities Will Have to Work Twice as Hard

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

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