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Rio de Janeiro Will Lose R$ 1 Billion in Revenues Due to Crisis Triggered by Falling Oil Prices

Written by Roberta Souza
Published on 15/04/2020 at 17:30
Updated on 15/04/2020 at 17:49
petróleo, óleo, petrobras, produção,
petróleo, óleo, petrobras, produção,
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The National Agency of Petroleum, Natural Gas and Biofuels (ANP) revised the projections for royalty and special participation collection by the union and states this year. The revision changed the values, being lower this time.

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As everyone knows, the state of Rio de Janeiro is the largest collector of these resources in Brazil and consequently will feel the absence of these more strongly compared to other states.

The expectation is that the government of Rio de Janeiro will collect around R$ 11 billion in royalties and special participations this year, according to the revision made by the National Agency of Petroleum. The new amount is 9% lower than the last estimate of just over R$ 12 billion.

The state of Rio de Janeiro has barely started to recover from the biggest economic crisis in its history and is already at risk of having its “fragile balance” threatened by the drop in revenue from royalties.

OPEC (Organization of the Petroleum Exporting Countries) even tried to reverse the price situation with production cuts, but the drop in demand is still mandatory.

Roberta Souza

Author for the Click Petróleo e Gás portal since 2019, responsible for publishing over 8,000 articles that have garnered millions of views, combining technical expertise, clarity, and engagement to inform and connect readers. A Petroleum Engineer with a postgraduate degree in Industrial Unit Commissioning, I also bring practical experience and background in the agribusiness sector, which broadens my perspective and versatility in producing specialized content. I develop content topics, disseminate job opportunities, and create advertising materials tailored for the industry audience. For content suggestions, job vacancy promotion, or advertising proposals, please contact via email: santizatagpc@gmail.com. We do not accept resumes

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