Rio de Janeiro receberá a maior arrecadação de royalties do petróleo da história em 2019

Rio de Janeiro Will Receive Largest Oil Royalties Collection in History in 2019

Written by Paulo Nogueira

Published on 18/10/2018 at 08:39

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An Increase in Revenue from Royalties and Participations Indicates More Investment and More Jobs Not Only in the Oil Sector but Also in Other Areas

For 2019, the expected revenue of the State of Rio de Janeiro regarding oil royalties and special participations is the highest in the state’s history. According to the Annual Budget Law project for next year, which will be analyzed by Alerj (Legislative Assembly), the forecasted collection by the government is R$14.13 billion. The forecast indicates a revenue increase of 62% compared to 2014, the best year for revenue from the product, when R$8.70 billion came in, according to Rio Previdência.

However, according to Thiago Valejo, strategic content coordinator of the Petroleum, Gas and Naval management at Firjan, the main difference is that in the past, the barrel had a much higher value and lower production. This logic has changed over time, and currently, the projection is for a record barrel production value.

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Rio de Janeiro Will Receive Largest Oil Royalties Collection in History in 2019

An Increase in Revenue from Royalties and Participations Indicates More Investment and More Jobs Not Only in the Oil Sector but Also in Other Areas

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Rio de Janeiro Will Receive Largest Oil Royalties Collection in History in 2019

An Increase in Revenue from Royalties and Participations Indicates More Investment and More Jobs Not Only in the Oil Sector but Also in Other Areas

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An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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