Petrobras Has Already Granted Over R$ 16 Billion in Credit to Oil and Natural Gas Producing Companies in Brazil Through the Mais Valor Program, Which Boosts the National Fuel Sector

The Goal of the State Oil Company with the Mais Valor Program Is to Stimulate Oil and Natural Gas Production in Brazil, Encouraging the Supply Chain. According to Petrobras, More Than Two Thousand Suppliers Have Already Registered on the Company’s Platform.

Targeting the Growth of the National Fuel Sector, Petrobras Continues to Reap Great Results with the Mais Valor Program. The Credit Program for Oil and Natural Gas Producing Companies in Brazil Has Already Granted Over R$ 16 Billion Since Its Creation in 2020. About 113 Thousand Invoices Have Been Anticipated Through Financial Institutions Partnering with the State Company, Which Aims to Stimulate the National Supplier Market.

There Are Already More Than 113 Thousand Invoices Anticipated Through Financial Institutions Partnering with Petrobras in the Mais Valor Program, Highlights the Company

Created in December 2020, the Mais Valor Program to Stimulate Oil and Natural Gas Production in the National Market Continues to Achieve Great Results for Petrobras.

The State Company Claimed That There Are Already Over Two Thousand Supplier Companies Registered in the Credit Production Program System.

The Goal of the Program Is to Ensure a Boost in the Supply Chain of Fuels in the National Production Market. Thus, in Two Years, More Than R$ 16 Billion in Credits Have Been Granted by the Oil Company.

Oil and Natural Gas Producing Companies Can Partner with the State Company Free of Charge by Registering Through the Project.

The Operations Are of the Recourse Factoring Type, a Transaction Through Which Petrobras, the Buying Company, Promotes Payment Anticipation Operations to Its Suppliers Through Partnering Financial Institutions.

Thus, It Is the Responsibility of the Producing Company to Honor the Final Commitment Originally Made with Petrobras.

The Company Can Then Provide Credits for the Oil and Natural Gas Sector Without Compromising Its Business Portfolio.

The Mais Valor Program Ensures That a Reverse Auction of Discount Rates Among the Participating Financial Institutions, Which Already Exceeds 30, Is Held Daily.

The Lowest Rate Offered in the Auction Is Then Applied When the Oil and Natural Gas Producing Company Chooses to Conduct the Operation on That Day. Thus, the Transaction Occurs When the Funds Are Deposited into the Company’s Account.

Mais Valor Program Aims to Unite Banks and Financial Institutions in Stimulating the Brazilian Oil and Natural Gas Supply Chain

André Campos, Responsible for the Program at Petrobras, Emphasized That the Mais Valor Program Seeks to Interconnect Banks and Financial Institutions with Oil and Natural Gas Producing Companies in Brazil.

The Goal Is to Secure Support from Organizations to Foster an Even More Efficient Fuel Supply Chain in the Brazilian Market.

“The Recourse Factoring Operations, Which Reflect Petrobras’ Ability to Honor Its Commitments, Combined with the Reverse Auction Dynamics Occurring on the Platform, Allow for Efficiency in These Operations That Are Conducted Daily in a Standardized, Transparent Manner with the Most Attractive Rates Available in the Market,” He Stated.

Furthermore, He Highlighted That Payment Anticipation Transactions for Invoices Are Being Increasingly Adopted by Suppliers of Various Types.

“The Program Constitutes an Important Tool to Support the Investments Planned for the Coming Years, Giving More Breath to the Entire Oil and Gas Production Chain,” The Specialist Concluded.

With the Mais Valor Program, Petrobras Develops an Ever More Efficient Oil and Natural Gas Supply Chain.