Petrobras pode reduzir em até 60% repasse de royalties do petróleo a municípios produtores

Petrobras Could Cut Oil Royalty Transfers to Producing Municipalities by Up to 60%

Written by Paulo Nogueira

Published on 14/04/2020 at 14:03

Updated on 14/04/2020 at 14:35

BRA06 – CAMPOS (BRASIL), 07/12/04

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Emergency measure by Petrobras may put oil-producing municipalities in dire straits starting this April. Cities that rely on revenue from royalties generated by the Campos and Santos Basins may see transfers drastically reduced by up to 60%. The ruling is scheduled for April 29 in the Supreme Court.

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What Are Oil Royalties? Royalties are compensation to the municipality or state, not applied to any economic activity, but specifically to those based on the extraction of finite resources from nature. It is the extraction of this type of natural resource, and not its potential impacts on the environment and the economy, that generates the right to royalties.

In Times of Pandemic, This Resource Will Be Lacking in Combating the New Coronavirus in These Regions, Especially in Health.

Unfortunately, municipalities that rely solely on oil revenues have not sought to introduce new sources of financial resources into their economies. They have been warned about this potential market collapse for more than 10 years. There is not even a sovereign fund to be used in times of crisis.

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Petrobras Could Cut Oil Royalty Transfers to Producing Municipalities by Up to 60%

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Petrobras Could Cut Oil Royalty Transfers to Producing Municipalities by Up to 60%

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Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

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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China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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