"In two years, Petrobras will become a company completely different from what it is today", said the president of the state-owned company, Roberto Castello Branco.

For Roberto Castello Branco, the worst financial and reputation phase of the state-owned company has passed. For him, at this moment, what remains is to guarantee the return on invested capital at the same level as its international competitors. “Petrobras in 2021 should invest much more than it has disinvested in recent years”, words of the president of the state-owned company, at a Lide event, in Rio.

The executive says that the focus will continue to be on the pre-salt layer, however the company will invest money in the revitalization of giant fields in the Campos Basin – assets that, until production in the pre-salt layer started, were the main source of oil extraction . These fields are currently in decline. For them to survive, US$ 21 billion must be invested.

In the future, the company will also no longer be in the natural gas distribution and transportation segments.. “We don't need to own the assets: we need the services of those assets. We are determined to completely exit gas transport, as well as gas distribution,” said the executive.

To this end, the company wants to dispose of the stakes it has in state distributors through the subsidiary Gaspetro and also return two concessions in Uruguay.

“I found out that Petrobras is the major gas distributor in Uruguay, with two companies, in which in 13 years we were forced to make 15 capital contributions. We intend to return these concessions as soon as possible.”

Petrobras expands presence in China and will increase oil exports by 30%

Start of tanking operations at the Port of Qingdao, the sixth largest in the world, will help to solidify the company's presence in the Chinese market

Petrobras informed on June 28, which opened on the 26th, a crude oil tank at the Port of Qingdao, in the Chinese province of Shandong, as part of the movement to develop new markets and add value to pre-salt oil exports, which should double the company's production in the coming years.

The choice of location is strategic: China is responsible for 75% of the volume of crude oil that the company exports, of which 38% are destined for independent refiners in Shandong and adjacent regions. Petrobras seeks, through this initiative, to solidify its presence in the promising Chinese market, in another step in the journey towards diversification and capillarization of its oil sales.

Macaé starts the month of July with 247 job openings