Petrobras Just Confirmed! The Brazilian Oil Giant Will Open An Office In China Later This Year, Marking A Strategic Return To The Asian Country

Written by Bruno Teles

Published on 08/10/2024 at 18:19

Novidade na Petrobras (Imagem: Reprodução)

Seja o primeiro a reagir!

Petrobras informed Broadcast that the deal has already been approved by the company’s board of directors and will aim to provide due diligence, inspection, oversight, and engineering services for Petrobras’s Production Station Unit Projects (platforms) under construction in that country.

You won’t believe the master move that Petrobras is planning! Petrobras will open an office in China later this year, marking its return to the Asian country after four years. This strategic move promises to revolutionize the way the company monitors its projects (construction of its platforms at Chinese shipyards) and strengthens ties with China, one of the main markets for Brazilian oil.

The state-owned company confirmed to Broadcast (the Group Estado real-time news system) that the deal has already been approved by the company’s board of directors. The objective is to provide due diligence, inspection, oversight, and engineering services for Petrobras’s Production Station Unit Projects (platforms) under construction in China.

Petrobras Approved New Implementation This Year

“Petrobras approved this year, through its board of directors, the establishment of a company in China. The implementation is underway according to a schedule that takes into account Petrobras’s internal processes and local legislation, with completion expected this year”, the company stated in an official note.

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The intention to return to China was announced last December by the former CEO of the state company, Jean Paul Prates, as part of the company’s internationalization strategy. At the time, Prates stated that the new office would facilitate negotiations between Brazil and China, as well as closely monitor the construction projects of platforms in Chinese shipyards.

Company Has Previously Been in China

Petrobras previously had an office in China. In 2004, during the first term of President Luiz Inácio Lula da Silva, the company opened its representation in Chinese territory with the aim of increasing oil exports to the Asian country tenfold, which at that time represented only 1% of the approximately 200,000 barrels per day exported by the company. However, in 2019, during Jair Bolsonaro’s government, the office was closed.

Currently, China is the main destination for Petrobras’s oil exports. In the second quarter of this year, 50% of the state-owned company’s oil exports went to the Chinese market, representing about 300,000 barrels per day. This movement reinforces the strategic importance of China for Petrobras and for the Brazilian oil sector.

Petrobras Wants to Closely Monitor the Construction of Its Platforms

The reopening of the office in China will allow Petrobras to closely monitor the construction of its platforms at Chinese shipyards, ensuring greater quality control and efficiency in projects. Furthermore, it will strengthen commercial relations between the two countries, potentially opening new business opportunities and technological partnerships.

And you, what do you think of Petrobras’s return to China? Do you believe this strategy will further boost the company’s presence in the international market? Share your opinion in the comments!

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David Almeida

#59093

10/10/2024 09:54

Golpe tá ai nem da conta de suprir a necessidade do povo brasileiro, vai novamente se meter fora do país e ter mais recursos subtraídos . Como as 4 refinarias que nos governos anteriores nunca deu uma gota de combustível e sim só prejuízo de trilhões. As cofres da estatal.

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Wanderson

#59067

10/10/2024 09:18

Ninguém fala da refinaria que foi vendida a preço de **** no governo Dilma, os chineses se deram muito bem ..

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José Carlos

#59063

10/10/2024 09:11

O escritório na China foi fechado por falta do que fazer. As fiscalizações são feitas por equipes da Engenharia que não precisam deste apoio. Mais gastança e cargos no estrangeiro para os queridos do sistema.

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Petrobras Just Confirmed! The Brazilian Oil Giant Will Open An Office In China Later This Year, Marking A Strategic Return To The Asian Country

Petrobras informed Broadcast that the deal has already been approved by the company’s board of directors and will aim to provide due diligence, inspection, oversight, and engineering services for Petrobras’s Production Station Unit Projects (platforms) under construction in that country.

Petrobras Approved New Implementation This Year

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Company Has Previously Been in China

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Petrobras Just Confirmed! The Brazilian Oil Giant Will Open An Office In China Later This Year, Marking A Strategic Return To The Asian Country

Petrobras informed Broadcast that the deal has already been approved by the company’s board of directors and will aim to provide due diligence, inspection, oversight, and engineering services for Petrobras’s Production Station Unit Projects (platforms) under construction in that country.

Petrobras Approved New Implementation This Year

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Company Has Previously Been in China

Petrobras Wants to Closely Monitor the Construction of Its Platforms

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Archaeologists find an intact tomb over 2,500 years old, with more than 100 preserved objects, weapons, jewelry, and human remains never touched.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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