Petrobras (PETR4) Confirms R$ 10 Billion Investment in Projects in MG and Anticipates Creation of Over 200,000 Jobs, Reaffirms Prates

Written by Paulo Nogueira

Published on 31/10/2023 at 15:03

Jean Paul Prates (Foto: Roque de Sá/Agência Senado)

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During An Event In The State, An Important Announcement Was Made By The Minister Of Mines And Energy, Alexandre Silveira.

The President Of Petrobras (PETR4), Jean Paul Prates, Reaffirmed In A Statement On Social Media That The State-Owned Company Plans To Invest R$ 10 Billion In Minas Gerais. This Announcement Was Made During An Event In The State, Where Prates Was Invited By The Minister Of Mines And Energy, Alexandre Silveira. Both Participated In The 1st Meeting Of Oil, Gas, And Biofuels To Strengthen The Industrial And Commercial Production Chain, Which Took Place In Belo Horizonte.

The Event Was Held In Partnership With The Ministry Of Mines And Energy And The Federation Of Industries Of The State Of Minas Gerais (Fiemg), As Prates Informed. During The Meeting, He Announced That The Gabriel Passos Refinery (Regap) Would Receive An Investment Of US$ 2.6 Billion By 2030.

Solid Investments By Petrobras For The Next 4 Years

Subsequently, Petrobras, Through A Statement To Investors, Announced That Investments Would Be R$ 2 Billion Until 2027. In Addition, Preliminary Studies Indicate That The Refinery’s Processing Capacity Could Be Increased To Up To 40,000 M3 Per Day, Compared To The Current 26,000 M3 Per Day, Which Would Require An Additional Investment Of R$ 8 Billion.

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In His Social Media Post, Prates Emphasized The Importance Of Minas Gerais For Petrobras’ Future Plans, Highlighting That The State Is One Of The Main Hubs For Supply, Provision, And Services For The Oil Industry. He Stated That The Expectation Is That More Than 200,000 Direct And Indirect Jobs Could Be Created With These Investments.

Petrobras Is Betting On Projects In The State, Such As The Expansion Of The Processing Capacity Of Regap, As Part Of Its Strategy For Expansion And Strengthening Of The Oil And Gas Sector.

These Investments Represent An Opportunity For Economic Growth For Minas Gerais, In Addition To Contributing To Job Creation And The Development Of The Local Industry. The Partnership Between The State-Owned Company And The State Promises To Boost The Sector And Bring Benefits Both For Petrobras And For The Economy Of Minas Gerais.

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Petrobras (PETR4) Confirms R$ 10 Billion Investment in Projects in MG and Anticipates Creation of Over 200,000 Jobs, Reaffirms Prates

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Petrobras (PETR4) Confirms R$ 10 Billion Investment in Projects in MG and Anticipates Creation of Over 200,000 Jobs, Reaffirms Prates

During An Event In The State, An Important Announcement Was Made By The Minister Of Mines And Energy, Alexandre Silveira.

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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