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Regarding Tax Revenue for the Union, the Oil and Gas Industry Paid More Than R$ 1 Trillion in the Last 10 Years, and Another Trillion is Expected in the Next Decade
The oil and gas industry is considered one of the most important in the world with its extensive and rich supply chain. In Brazil, it is no different.
The Recent Discoveries by Petrobras in the Sergipe Basin only reinforce its value and importance to the economy of the country, through the generation of wealth and technological development.
To prove this fact, EY and the Brazilian Institute of Oil, Gas, and Biofuels (IBP) conducted a survey and concluded that the oil and gas industry is the third main economic activity in the country and ranks fourth when it comes to exports.
Just to give an idea, the oil and gas sector was responsible in 2017 for 46% of the trade surplus, contributing $21.2 billion to the trade balance.
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The privileged geology and the potential of Brazil’s oil and gas reserves, which have few concessions, make this type of industry a key factor for economic growth.
The long-awaited auctions for the 16th round of concession areas for post-salt, the surplus from the onerous assignment, and the sixth round of sharing for pre-salt will attract many investments from Petrobras and foreign oil companies.
Brazilian potential lies in the fact that the country still has 93% of its sedimentary basins unexplored and currently ranks 21st in the world ranking of proven reserves.
Generator of Jobs and Income
Oil holds an important position in the job market of our country. According to the survey, by 2022 we will have around 873,000 professionals working in the sector, with 99% of these professionals currently being Brazilians.
Salaries in this segment have always been a strong attraction, averaging 3.8 times higher than the average salary in the Brazilian industry.
Prominent Sector in National Revenue
In the ranking of federal tax revenue, from 2007 to 2017, more than R$ 1.4 trillion was generated, and the projection is that in the next decade, another trillion will be collected through taxes, special participation, bonuses, and royalties.
In Brazil, the Oil and Gas market ranks 1st among the industrial sectors regarding federal tax collection. From 2007 to 2017, for example, more than R$ 1.4 trillion was generated, and the expectation is that in the next decade, another trillion will be collected through taxes, special participation, bonuses, and royalties.
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