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Presidente da Petrobras Points To The Next Quarter Of The State Company As The Best Compared To The Last 4 Years
The new president of Petrobras Ivan Monteiro presents the estimated balance of the next quarter as the best in terms of profit for the State Company since the beginning of Operation Lava Jato. The predominant factor is the dollar that has risen, making the national oil price competitive and definitely pulling out of the crisis that has been affecting Brazil for the last four years. According to the President, the strategy now is not investment but rather strengthening the economic foundations of the company, which will have a third quarter with profits even greater than in the first and second.
New Investments
In light of the current scenario that still does not demonstrate total solidity for higher and more challenging investments, experts say that Petrobras would take approximately ten years for new discoveries of oil fields and oil and gas production. Looking at these numbers, currently with the discovery of pre-salt, Petrobras is able to maintain 50% of national production and distribution, and looking to the future, by 2030 it could be among the world’s major oil exporters.
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More than 230 Brazilian companies move production to Paraguay, pay a tax rate close to 12%, compared to about 80% in Brazil, and use Mercosur to sell back to the domestic market without import tax.
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Starlink, by Elon Musk, wants to transform its satellites into a cellular operator capable of covering any point on the planet, but the three American giants in the sector, AT&T, T-Mobile, and Verizon, rejected the partnership and joined forces for the first time to try to contain the company’s advance.
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Dredged material from navigation channels restores life to Poplar Island, reconstructs 1,715 acres of land, expands open water zones, and creates a refuge for hundreds of migratory and local bird species.
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About 500 kilos of green stones with juvenile algae are spread in the ocean to regenerate underwater forests, reduce costs, and accelerate the restoration of marine habitats.
The Brazilian Oil Reserves
As already anticipated by economists and experts in the oil sector, Brazilian reserves are enormous, but the problems are the costs to explore them. Studies indicate that 4.9 trillion barrels of oil can still be explored worldwide, but spending on new technologies, transportation logistics, and labor would become more viable with investment in renewable energy sources and with the production of 1 in every 3 barrels that could be extracted. A report presented by Shell points to energy changes by 2070. The highly credible report shows solar, wind, and nuclear energy ahead of other energy sources.
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