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National Petroleum Agency creates new rules on foreign trade

Written by Paulo Nogueira
Published 10/04/2019 às 01:00
Updated 09/04/2019 às 16:57

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Resolution aims to minimize barriers to investment, reduce regulatory costs, improve regulatory quality and promote free competition, guaranteeing the interests of society.

The resolution ANP No. 777/2019 published yesterday, April 08, by the National Petroleum Agency, aims to regulate the foreign trade of biofuels, oil and oil products and natural gas, replacing the 25 normative acts that regulated the subject. The new resolution institutes a new regulatory framework for the sector, standardizing the authorization requirements for the activity and the administrative treatment of import and export license requests.

The new Resolution ANP was formed with the strategic objectives of updating regulations in order to minimize barriers to investment and reduce regulation costs, improving regulatory quality through administrative simplification and promotion of free competition, having as a premise the guarantee of society's interests.

In addition to the benefits of simplifying procedures in a single resolution, the resolution ANP No. 777/2019 came to eliminate bureaucracy and make it possible for distributors to directly import products consistent with the activity for which they are authorized, such as the creation, by distributors themselves, of companies just to carry out their imports.

The new resolution not only came to reduce bureaucracy, but also to expand the control and inspection capacity of the ANP, standardizing the list of information necessary to carry out the approval of licenses in the Integrated Foreign Trade System (Siscomex) and to expand the action capacity of the Agency in the fight against adulteration of fuels, making final methanol consumers, who import the product directly, become regulated agents.

See ANP Resolution No. 777/2019 in full in the Federal Official Gazette.

According to data presented by Petrobras, in the period from 2015 to 2018, as a result of the divestment policy adopted by the company, approximately US$ 15,4 billion has already entered Petrobras' cash.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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