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Petrobras (PETR4) confirms investment of R$ 10 billion in projects in MG and foresees the creation of more than 200 thousand jobs, reaffirms Prates

Written by Paulo Nogueira
Published 31/10/2023 às 15:03
Updated 01/11/2023 às 04:48
Petrobras (PETR4) confirms investment of R$ 10 billion in projects in MG and foresees the creation of more than 200 thousand jobs, reaffirms Prates
Jean Paul Prates (Photo: Roque de Sá/Agência Senado)

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 summoned by the Minister of Mines and Energy, Alexandre Silveira. Both participated in the 1st Oil, Gas and Biofuels Meeting 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 reported by Prates. 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, informed that investments would be R$2 billion by 2027. Furthermore, preliminary studies indicate that the refinery's processing capacity could be increased to up to 40 thousand m3 per day, compared to the current 26 thousand m3 per day, which would require an additional investment of R$8 billion.

In his post on social media, Prates highlighted the importance of Minas Gerais for Petrobras' future plans, highlighting that the state is one of the main hubs generating supply, supply and services for the oil industry. He stated that the expectation is that more than 200 thousand direct and indirect jobs can be generated with these investments.

Petrobras is investing in projects in the state, such as expanding Regap's processing capacity, as part of its strategy to expand and strengthen the oil and gas sector.

These investments represent an opportunity for economic growth for Minas Gerais, in addition to contributing to the generation of jobs and the development of local industry. The partnership between the state-owned company and the state promises to boost the sector and bring benefits to both Petrobras and the economy of Minas Gerais.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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