Petrobras (PETR4) Advances in Partnerships With Saudi Colleagues, Says Prates.

Written by Paulo Nogueira

Published on 29/11/2023 at 14:24

O executivo participou nesta quarta-feira, 29, da mesa de debates do Fórum Empresarial Arábia Saudita-Brasil, em Riad, na Arábia Saudita

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On the 29th, Wednesday, the executive was present at the roundtable of the Saudi Arabia-Brazil Business Forum in Riyadh, Saudi Arabia, where he discussed relevant issues for the business market and the partnership between the two countries. His participation contributed to an enriching and productive dialogue, strengthening ties between the nations and promoting mutually beneficial business opportunities.

According to Jean Paul Prates, the current intention of Petrobras is to revitalize all units. The first to resume operations will be the unit in Paraná, which is currently in a state of hibernation. Furthermore, negotiations are already underway for potential collaborative projects at the leased plants in Bahia and Sergipe. Regarding the Três Lagoas plant, operations are expected to begin in 2028, with the possibility of an earlier timeline.

In the meeting, President Lula also urged Saudi Arabia to consider establishing partnerships in the area of fertilizers.

Brazil is the largest importer of this input, while also being one of the world’s leading food suppliers. Petrobras currently operates four fertilizer plants, including one under construction, UFN III, in Três Lagoas, Mato Grosso do Sul, which had its sale announced by the Bolsonaro government to the Russian group Acron, but was canceled; in addition to three others that were deactivated (Fafen-PR) and leased (Fafen-BA and Fafen-SE) between 2019 and 2020.

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The Brazilian Government at the United Nations Climate Change Conference

The Brazilian government is present in the region to participate in COP-28, the United Nations Climate Change Conference, which will start in Dubai, United Arab Emirates, on Thursday, the 30th.

The meeting in Riyadh, organized by Apex Brazil, brought together major Brazilian and Saudi companies and organizations aimed at promoting bilateral economic development.

According to Prates, during the discussion panel on energy, the potential of Brazil to lead the energy transition was emphasized, due to its predominantly renewable energy and electricity matrix. This represents both a challenge and a benchmark for Brazil’s relations with Saudi Arabia and other countries.

The leader of Petrobras (PETR3;PETR4), Jean Paul Prates, mentioned on a social media platform that the company is making progress in agreements with Saudi partners to collaborate on projects related to energy security, accessibility, and sustainability, without going into details.

The business leader participated in the Saudi Arabia-Brazil Business Forum in Riyadh, Saudi Arabia, alongside former President Luiz Inácio Lula da Silva on October 29th.

Source: InfoMoney

Petrobras (PETR4) Advances in Partnerships With Saudi Colleagues, Says Prates.

The Brazilian Government at the United Nations Climate Change Conference

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Petrobras (PETR4) Advances in Partnerships With Saudi Colleagues, Says Prates.

The Brazilian Government at the United Nations Climate Change Conference

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Xiaomi launches new smart stove with titanium sensor and automatic shutdown that detects an open flame without supervision.

China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

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A Chinese company has just delivered its 10,000th humanoid robot — and now wants to place 100,000 in factories worldwide by the end of the year, while Tesla, Boston Dynamics, and the rest of the West have yet to move beyond prototypes.

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An engine that consumes 40% less gasoline than the average new car already exists and runs on 100% renewable fuel that costs only 10 cents more per liter at Repsol stations.

Starting in 2027, stores will only be able to sell refrigerators of categories A, B, and C, which are, on average, 17% more energy efficient, and the change promises to reduce almost 6 million tons of carbon dioxide by 2030.

CEO of a space company states that humans will live on the Moon within this decade and that the base will be an inflatable habitat with life support in a place where no one has set foot for over 50 years.

Brazilians can now pay with Pix abroad by scanning a QR Code in partner stores in the United States, Argentina, Portugal, France, Paraguay, and Chile, but the system charges a 3.5% IOF and does not yet work in all establishments.