Lucros da Petrobras rende a Macaé R$ 62,30 milhões em royalties de petróleo neste mês de fevereiro

Petrobras Profits Generate R$ 62.30 Million in Oil Royalties for Macaé This February

Written by Flavia Marinho

Published on 23/02/2020 at 13:21

Lucros da Petrobras rende a Macaé R$ 62,30 milhões em royalties de petróleo neste mês de fevereiro

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Oil Royalties: Besides Macaé, Other Cities in RJ Such as Campos and São João da Barra Have Benefited Greatly from Petrobras’ Profit

Petrobras’ new strategic positioning guarantees millions in oil royalties to the coffers of Macaé, Campos, and São João da Barra, all located in the state of Rio de Janeiro. Last Thursday, the Brazilian state oil company announced a record achievement of surpassing the United Arab Emirates in oil production for the second consecutive month (the third largest oil producer in OPEC).

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With the disinvestment of assets in the international auction bank, such as the sale of BR Distribuidora, Petrobras secured a net profit of R$ 40.1 billion in 2019, a 55.7% increase over 2018. This is the second record news regarding Petrobras’ revamped business model.

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Oil Royalties

The oil-producing municipalities located in the northern region of Fluminense in RJ, such as Macaé, Campos, and São João da Barra, recorded an increase in royalty revenues this February.

The municipalities filled their coffers last Friday (20). According to superintendent Wellington, this influx was due to the favorable situation of increased production combined with oil barrel prices and the dollar exchange rate.

“This occurred due to the high variation of the dollar between US$ 62 to US$ 70 in December, even with the exchange rate dropping from R$ 4.22 to R$ 4.00 during the same period. Coupled with a more significant improvement in production in the pre-salt areas with the Lula and Buzios fields. A stable value is expected for March and a decrease in April due to February’s production and a decline in demand due to the coronavirus,” said Wellington.

Among those recognized, Macaé was the municipality that benefited the most, receiving R$ 62.30 million compared to the previous deposit of R$ 55.51 million, an increase of +12.2% compared to last month.

Campos received R$ 27.320 million compared to R$ 24.45 million from the January transfer (+11.8%), Cabo Frio will receive R$ 12.638 million compared to R$ 11.50 million (+9.9%).

Rio das Ostras collects R$ 11.29 million compared to R$ 9.83 million (+14.8%), and São João da Barra R$ 8.410 million compared to R$ 7.88 million (+6.6%).

Petrobras Profits Generate R$ 62.30 Million in Oil Royalties for Macaé This February

Oil Royalties: Besides Macaé, Other Cities in RJ Such as Campos and São João da Barra Have Benefited Greatly from Petrobras’ Profit

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Oil Royalties

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