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Oil, gas, refining: see how the new president of Petrobras thinks

27 May 2024 to 20: 49
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Regina Chambriard, president of Petrobras. (Image: Antonio Cruz/ Agência Brasil)
Regina Chambriard, president of Petrobras. (Image: Antonio Cruz/ Agência Brasil)

Petrobras, Brazil's largest state-owned company and one of the largest oil companies in the world, has a new president. Now, the person in charge of the company is civil engineer Magda Maria Regina Chambriard, defender of Petrobras' role in the exploration and production of oil and gas and the company's role as a driver of development in the country.

Regina takes over Petrobras with the aim of accelerating investments in areas where the company has recently disposed of assets. As an example, there is refining and fertilizers.

In an interview with Blog do Desenvolvimento, an economic news agency for the North and Northeast of Brazil, the executive revealed her main opinions. In this matter of Click Oil and Gas, you can see the most relevant things she said.

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Old acquaintance of Lula and Petrobras

Regina Chambriard was part of the team responsible for formulating the candidate's government project Luiz Inácio Lula da Silva (PT), that is, he knows well the most sensitive and important topics in the sector for the Executive's current management.

In addition to having participated in Lula's government project, Regina Chambriard was also at Petrobras itself. This, from 1980 to 2002. She left the company because it ended up being transferred to the National Agency of Petroleum, Natural Gas and Biofuels (ANP). There, she was director and took over as general director.

Regina Chambriard, president of Petrobras. (Image: Antonio Cruz/ Agência Brasil)

Ideas by Regina Chambriard

According to her, Petroleum has a role in the energy matrix, since 84% of energy in the world still comes from fossil fuels. With these numbers, she says, it is easy to conclude that it is still necessary to rely on oil.

“There’s no way to give up on a transatlantic,” she said, and also highlighted the importance of the naval sector. In this sense, she highlighted that it is necessary to update the port infrastructure.

As an example, she cited the oil activity in the State of Rio de Janeiro that takes place at sea. “An entire economy focused on the sea. We will need an entire updated port infrastructure, including terminals for tanking oil and oil products,” she said.

Regarding natural gas, Regina Chambriard highlights that production continues to grow. “The country’s gas production continues to grow. In the month of January [2023] the country produced 143 million cubic meters per day (m³) of natural gas, a volume more than enough to meet the country’s entire demand (…),” she said.

According to her, this national gas cannot completely reach the final consumer due to a lack of flow, transport and distribution infrastructure. “The government, in 2019, understood that this gas market is monopsonic as a producer, oligopsonic as a distributor and holder of the third most expensive gas among price references in Europe,” she explained.

As for refining, Regina Chambriard highlighted that Brazil is a continental country, in need of more and more energy for its growth. In this sense, she states that it is necessary to expand the processing capacity of crude oil and, in this way, add value to it in Brazil.

The role of Petrobras

Finally, the executive also highlighted the role of Petrobras. According to her, a country is stronger the stronger its corporations are. “I wonder what this is like, when a company is shared and stops acting as such a strong corporation in favor of Brazil. To assess whether we need a state-owned company or not, we need to know Brazil”, stated Regina Chambriard.

And Ibama's denial

In the interview, she also spoke about Ibama's denial of the licensing request for drilling an exploratory well in the Foz do Amazonas Basin. This, ten years after the tender for the area.

For her, one cannot be reckless and license at any cost. “But it is also true that we need to be more prepared to face the challenge of timely licensing, otherwise we risk condemning Brazil to stagnation,” she said.

In this sense, she highlights that the Ministry of the Environment cannot “usurp” the granting power of the Presidency of the Republic. “It is in this context that the intervention of the President of the Republic is advocated. He is the one with the mandate to establish national priorities, on behalf of the people, as these grants have the approval of the CNPE and the Presidency,” he highlighted.

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