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Petrobras: The strategic plan for the third Lula government

29 January 2024 to 00: 23
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Shell, BNDES, sustainable, IEA, TCU, Lula, Braskem, Brent, Local Content, Wind energy, Photovoltaic solar energy, Essequibo, fertilizers, Natural gas, Lula Government, Guyana, naval industry, Itaipu Binacional, Jasper, Lula, Petrobras, Petrobras strategic plan 2024-2028, oil price, Abreu e Lima Refinery (Rnest), Refining, renewal of concessions, TCU, Venezuela, WEG, WTI, XP
President Lula and Jean Paul Prates, CEO of Petrobras, during an event to resume investments at Rnest (Photo: Agência Petrobras) – All rights: EPBR

Petrobras is committed to being a vector of Brazil's development under pressure from consumers, shareholders and the government, promising investments in renewable energy.

A Petrobras is one of the largest energy companies in the world, operating in several segments of the oil and gas industry.

Recently, the company announced a new investment plan for the coming years, aiming to expand its activities and strengthen its presence in the international market. This movement could have significant impacts on the Brazilian economy and the energy sector as a whole.

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Furthermore, the partnership between Petrobras and Shell has proven to be strategic in ensuring the success of projects of oil and gas exploration and production. This type of partnership is fundamental for the sustainable development of the energy industry, meeting the demands for sources sustainable power. Furthermore, the performance of the Petrobras has been the subject of studies and analyzes by global organizations such as IEA, as well as by national regulatory bodies such as the TCU.

Emissions in structural decline, says IEA

A Petrobras This year began implementing the first strategic plan do Lula's third term (PT) under pressure from consumers, shareholders and the Planalto, having as its north the promise of once again becoming a vector of development for the country, shows special report from epbr agency.

– After a positive year, in which it received approval from the financial market, the company turns to taking its investments de $ 102 billion foreseen in the strategic plan 2024-2028.

  • The list includes the resumption of investments in local content, refinement, natural gas, fertilizers and the acquisition of plants solar and wind.
  • In the very short term: focus is delivery: 'The first year involved planting the land. This is the harvest year and the first leafy tree is the Rnest', said President Lula during the launch event for the refinery works in Ipojuca (PE).

epbr explains:

  • as difficulties with the production project of natural gas in Sergipe;
  • as uncertainties upon return to fertilizer manufacturing;
  • a Braskem; is
  • as internal discussions involving the purchase of assets from renewable generation.

Preference in pre-salt

A Petrobras manifested to the National Energy Policy Council (CNPE) the interest in the right of preference in the Jaspe block, in the Campos Basin, to be tendered in the permanent offer. The volume in place is 2,5 billion barrels of oil equivalent, according to the ANP.

Oil on the rise

Oil on the rise. Oil futures contracts rose, this Wednesday (24/1), after a drop of 9 million barrels in US stocks and the announcement of stimulus measures by China's central bank.

- O barrel of oil WTI for March closed at an increase of 0,96%, the US$ 75,09. The Brent for April rose 0,66%, the US$ 79,63 per barrel.

Sulgas shares Gasbol. The piped gas distributor in Rio Grande do Sul will give in to Petrobras a part of the capacity contracted with Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG) in Gasbol.

BNDES Blue. The bank reduced interest rates for the modernization of the Brazilian naval fleet, with the aim of promoting the production of vessels that use sustainable fuels, with ethanol, green methanol, green ammonia and green hydrogen.

- 'We have to build ship again, but ship of the future', said Mercadante. 'Our expectation [in 2024] is, at least, $ 2 billion for shipbuilding'.

Guyana x Venezuela

President Lula prepare to travel to Guyana and participate as a guest at the Caribbean States Community (Caricom) summit, which takes place on February 28th. The bloc is made up of 20 Caribbean countries, 15 of which are member states and 5 associate states.

– The journey is read as a message to Venezuela of Nicolás Maduro, who claims the region of Essequibo, in Guyanese territory.

The foreign ministers of Venezuela and Guyana meet this Thursday to discuss the dispute over territory.

Global CO2 emissions

Global emissions of CO2 from generation expected to decrease by more than 2% in 2024, after a 1% increase in 2023. This will be followed by small reductions in 2025 and 2026.

GM bet on electrification. General Motors International (GM) announced that it will invest R$7 billion in Brazil by 2028. The contributions should be allocated to improvements in production capacity and technological development, mainly electric vehicles, renewable energy and pollutant control.

Brazil Offshore Energy Summit. A epbr agency will provide special coverage do Brazil Offshore Wind Summit, the biggest event on wind power offshore do Brasil, on March 26th and 27th, in Rio de Janeiro.

– The meeting is promoted by the Brazilian Association of Wind Energy and new Technologies (ABEEolic) and Global Wind Energy Council (GWEC), with co-production by Dominium Consultoria and will bring everything that is most up to date about the sector.

  • A epbr agency channel on YouTube interviews with the main executives and authorities in the sector.

Concession renewal

court Union accounts decided to judge individually the renewals of electricity distribution concessions, and did not give prior approval to the government to extend contracts.

– The legal deadline to sign a term of commitment with the first company to have an expiring contract, EDP Espírito Santo, has already been lost.

  • The Ministry of Mines and Energy said the decision frees the government to continue the renewal process.
  • Abradee, which represents the distributors, considered the decision 'a step forward'.
  • In total, 20 contracts expire between 2025 and 2031 and, together, the distributors serve 56 million customers, around 65% of the market.

Solar in MG. A Auren Energy announced, this Wednesday (24/1), the start of operation da photovoltaic solar plant Sol de Jaíba, in Minas Gerais. The first two modules are in operation, with a capacity of 100,6 MWp.

– When complete, the plant will have 629,9 MWp de capacity installed, which would place it, today, as the sixth largest photovoltaic plant in Brazil.

  • The total investment is estimated at $ 2 billion.

Itaipu have to pay late. The Regional Labor Court (TRT) of the 9th Region ordered the Itaipu hydroelectric plant pay late 13th salary and vacation a workers Brazilians, following a lawsuit filed by the Electrical Workers Union of Foz do Iguaçu (Sinefi).

Way benefited. XP Investimentos stated in a report released to clients and the market that Weg will be the company most benefited by the new industrial policy government, which foresees R$300 billion in financing 2026 up.

– According to the bank, the company from Santa Catarina will be privileged because it is 'exposed to multiple initiatives [covered by the program], such as industry automation, clean energy and mobility'.

R$6 billion for aerial. The government must announce, in the next ten days, a fund of R$4 billion to R$6 billion to help airlines, said the Minister of Ports and Airports, Silvio Costa Filho.

Source: EPBR

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