Petrobras Divestments Contribute to Development of New Industries in Brazil, Says Castello Branco

Written by Paulo Nogueira

Published on 03/12/2020 at 21:00

Petroleiro na entrada da refinaria Alberto Pasqualini, em Canoas (RS) 30/5/2018 REUTERS/Diego Vara

Be the first to react!

Petrobras President Participated in the Session Energy for a World in Transformation at Rio Oil & Gas

Petrobras President Roberto Castello Branco emphasized this Thursday (12/3) that Petrobras’ divestment program is helping to develop a new oil industry in Brazil, one that is more vibrant, and also to create two new industries – refining and natural gas. The statement was made during the CEO Talks session – Energy for a World in Transformation – at Rio Oil & Gas, the largest event in the sector in Latin America.

“Today we are moving towards having a new oil industry in Brazil, with many more companies. Petrobras’ divestment program itself is contributing to this. We will have small and medium local and international producers, a more vibrant industry,” said the executive. Castello Branco also argued that acting in the global market gives Petrobras greater flexibility to respond to a crisis like the one we are experiencing, which initially significantly reduced fuel consumption in Brazil. According to him, the company currently exports oil and fuels to 18 countries, with Asia being the main market.

Other Market News

“We managed to build a brand name in China, the Tupi Shandong,” said the president, referring to the name by which Tupi oil is known in the Asian market. “We are also on the way to consolidating the low-sulfur Búzios oil, which is being very well accepted and traded at a premium relative to Brent. Our marine fuel (bunker oil) has also been very well accepted, with Singapore being the largest client, which is a global navigation hub. So we have very good prospects,” he added.

ARTICLE CONTINUES BELOW

Petrobras Divestments Contribute to Development of New Industries in Brazil, Says Castello Branco

Petrobras President Participated in the Session Energy for a World in Transformation at Rio Oil & Gas

Other Market News

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

The spaceplane that promises to take off from a runway, reach orbit with up to five people, return in just 48 hours, and repeat 100 missions per vehicle: the Radian One aims for on-demand operation in 90 minutes and attempts to turn the “Holy Grail” of space aviation into commercial reality.

Peugeot publicly acknowledged the errors of the PureTech engine, which caused serious failures in hundreds of thousands of cars, and introduced the new Turbo 100 as a definitive solution, a 1.2 turbo tested for over 3 million kilometers that replaces the faulty belt with a more durable chain.

Automatic cars become ‘cheap’ in Brazil, and models from Toyota, Hyundai, Nissan, and Honda appear for R$ 65,000 with up to 120 hp, CVT transmission, 482 liters of trunk space, keyless entry, and six airbags to tackle traffic without a clutch.

“There’s something growling”: alleged UFO appears over river surrounded by forest in Campo Largo, and man reports lights from an object up to 70 meters hovering for 30 minutes before turning off and heading towards the house, in a mystery recorded on video.

Santos earns the title of Brazilian Amsterdam after comparison reveals inspiring canals, 10,000 km distance, surprising historical connection, and a system that helped combat flooding, diseases, and transform Brazil’s largest port city.

Petrobras Divestments Contribute to Development of New Industries in Brazil, Says Castello Branco

Petrobras President Participated in the Session Energy for a World in Transformation at Rio Oil & Gas

Other Market News

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

A new survey shows that the circular economy is gaining traction among Brazilians, but the preference for conventional products still hinders the sector’s progress, affecting investments, green job creation, and long-term environmental goals.

Vale abolishes the 6×1 schedule before the national law, sets a 40-hour workweek in its Brazilian units, and places one of the world’s largest mining companies at the center of a labor change that may still face resistance in the Senate.

Ranking of the world’s richest sees billionaire shift: Elon Musk reaches $835 billion and could become the first trillionaire with SpaceX, while Larry Ellison gains $71 billion with AI and surpasses Mark Zuckerberg.

The government will cross-check the health data of those receiving Bolsa Família, and from now on, the SUS will inform the ministry every month who is pregnant, which child has not been vaccinated, and who is overweight, all to release or maintain benefits.

Brazil and Russia want to build a financial bridge that dispenses with Western intermediaries by discussing an independent bilateral interbank infrastructure to facilitate trade in Russian fertilizers and fuels and Brazilian agricultural products, as part of the BRICS de-dollarization agenda.

The spaceplane that promises to take off from a runway, reach orbit with up to five people, return in just 48 hours, and repeat 100 missions per vehicle: the Radian One aims for on-demand operation in 90 minutes and attempts to turn the “Holy Grail” of space aviation into commercial reality.

Peugeot publicly acknowledged the errors of the PureTech engine, which caused serious failures in hundreds of thousands of cars, and introduced the new Turbo 100 as a definitive solution, a 1.2 turbo tested for over 3 million kilometers that replaces the faulty belt with a more durable chain.

Automatic cars become ‘cheap’ in Brazil, and models from Toyota, Hyundai, Nissan, and Honda appear for R$ 65,000 with up to 120 hp, CVT transmission, 482 liters of trunk space, keyless entry, and six airbags to tackle traffic without a clutch.

“There’s something growling”: alleged UFO appears over river surrounded by forest in Campo Largo, and man reports lights from an object up to 70 meters hovering for 30 minutes before turning off and heading towards the house, in a mystery recorded on video.

Santos earns the title of Brazilian Amsterdam after comparison reveals inspiring canals, 10,000 km distance, surprising historical connection, and a system that helped combat flooding, diseases, and transform Brazil’s largest port city.