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Oil and gas industry is number 1 in generating taxes to the government

Written by Renato Oliveira
Published 06/09/2019 às 13:49

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Oil and Gas
oil and gas and its importance for the country

Regarding the generation of taxes for the union, the oil and gas industry has paid in the last 10 years more than 1 trillion reais 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 very extensive and rich sectoral chain. In Brazil, it couldn't be different.
Petrobras' recent discoveries in the Sergipe basin only reinforce its value and importance for the country's economy, through the generation of wealth and technological development.

To prove this fact, EY and the Brazilian Institute of Petroleum, Gas and Biofuels (IBP) carried out a survey and came to the conclusion 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 you an idea, the oil and gas sector was responsible in 2017 for 46% of the trade surplus, pouring USD 21,2 billion into the trade balance.

The privileged geology and the potential of the Brazilian oil and gas reserves, which for having few concessions, make this type of industry a key factor in the growth of the economy.
The long-awaited auctions of the 16th round of concession of post-salt areas, the surplus from the transfer of rights and the sixth round of pre-salt sharing will attract many investments from Petrobras and foreign oil companies.

Brazil's potential is due to the country still having 93% of its sedimentary basins unexplored and currently occupying the 21st position in the world ranking of proven reserves.

Generator of jobs and income

Oil occupies an important position in our country's labor market. According to the survey, by 2022 we will have around 873 professionals working in the sector, with 99% of these professionals working today being Brazilian.
Salaries in this segment have also always been a strong attraction, after all, on average, they are 3,8 times higher than the average salary of the Brazilian industry.

Prominent sector in national collection

In the ranking of federal tax collection, from 2007 to 2017, more than R$ 1,4 trillion was generated in collection 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 in the industrial sector in terms of federal tax collection. From 2007 to 2017, for example, more than R$ 1,4 trillion was generated in collection and the expectation is that in the next decade, another trillion will be collected through taxes, special participation, bonuses and royalties.

Read too ! Agreement allocates R$ 1 billion from the Petrobras fund to the Amazon!

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Renato Oliveira

Production Engineer with a postgraduate degree in Manufacturing and assembly of pipelines with 30 years of experience in inspection/manufacturing/assembly of pipelines/tests/Planning and PCP and commissioning in shipbuilding/offshore (conversion of FPSO's hulls and topsides modules) in the largest national shipyards and 2 years in a Japanese shipyard (Kawasaki) inspecting and accompanying fabrication and assembly techniques of structures/pipes/outfittings (advanced finishing) for hull from Drillships.

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