Rio de Janeiro Will Be the Largest Oil Producer in the Americas, Says Petrobras President

Written by Paulo Nogueira

Published on 12/06/2019 at 13:44

Updated on 14/06/2019 at 14:49

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Roberto Castello Branco stated this Tuesday that Rio de Janeiro has a “unique opportunity” to recover its economy through the oil market.

In a hearing before the Committee on Mines and Energy of the Chamber, this Tuesday, the president of Petrobras, Roberto Castello Branco, stated that Rio de Janeiro has a “unique opportunity” to recover its economy through the oil market. He emphasized, however, that it is necessary to know how to use these resources.

“I think the state of Rio de Janeiro has a unique opportunity to get out of the deep recession it has been in. I told Governor Wilson Witzel that he will become a oil sheikh. Rio de Janeiro will be the largest oil producer in the Americas, surpassed only by the United States and Canada. There will be jobs, not only from oil producers but from suppliers, generating revenues, royalties, special participations. It will benefit greatly. The resources must be used wisely, used for the development of the economy of the state of Rio de Janeiro.” said Castello Branco.

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Rio de Janeiro Will Be the Largest Oil Producer in the Americas, Says Petrobras President

Roberto Castello Branco stated this Tuesday that Rio de Janeiro has a “unique opportunity” to recover its economy through the oil market.

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Rio de Janeiro Will Be the Largest Oil Producer in the Americas, Says Petrobras President

Roberto Castello Branco stated this Tuesday that Rio de Janeiro has a “unique opportunity” to recover its economy through the oil market.

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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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