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Amid So Many Problems in the Country, It’s a Breath of Hope to Believe That the Oil Crisis Is Coming to an End.
The rise in oil barrel prices, which has just reached the highest value in the last four years, is driving the recovery of the oil sector in Brazil and Rio de Janeiro. In 2014, shaken by both the drop in oil prices and the implications of the Operation Car Wash, the oil and gas segment began to show signs of recovery in 2018. The oil sector is responsible for 36% of the total produced by the industry in Rio de Janeiro, according to 4E Consulting. This means that this recovery significantly contributes to improving the economy in the state.
From January to August of this year, the total collection of the country in special participations and royalties grew by 62% compared to the same period in 2017, reaching a value of R$34.756 billion, according to the ANP (National Agency of Petroleum). According to the agency, the state of Rio de Janeiro is one of the most affected by the national economic crisis; apart from the internal problems it faces, it benefits the most from the amount of R$1.52 billion received by July.
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Haiti’s capital is experiencing an energy and construction crisis, facing blackouts, a blocked port, and buildings at risk after years of instability and a significant earthquake.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
At the Rio Oil and Gas edition, the largest event in the sector in Latin America this year (2018), which ended yesterday (Thursday, 09/27) at Rio Centro, brought together the main operators in the world and the entire production chain. It was in this context that the sixth-largest independent auditing and consulting firm in the world offered a “Networking & Cocktail,” in partnership with SEBRAE RJ, for just over 200 guests, including representatives from International Chambers of Commerce – similar to those in the UK and the US – and presidents and high executives of the largest and most influential oil and gas companies in the world.
With this recovery of the oil and gas sector, there is great potential to boost the economy of all states and the country, which is undergoing a realignment to emerge from the crisis, impacting even the improvement of services requested by the public sector. For this year of 2018, the Ministry of Mines and Energy’s expectation is that the country’s oil production will reach the unprecedented mark of 1 billion barrels, which is 4% more than in 2017.
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