Oil Sector Reacts to Lula's Veto and Sees Investment Risks with New Tax

Oil Sector Reacts to Lula’s Veto and Sees Investment Risks with New Tax

Written by Romário Pereira de Carvalho

Published on 22/05/2025 at 08:10

Imagem: IA

Be the first to react!

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.
They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector

The Regulation Of The Tax Reform Brought Tension To The Oil And Gas Sector. The Main Reason Was President Lula’s Veto Of The Passage That Exempted The Selective Tax (IS) On Minerals Intended For Export, Including Oil.

The Topic Was Discussed On The Joule Podcast, By JOTA In Partnership With Inté. Participants Included Matias Lopes From The Brazilian Institute Of Oil And Gas (IBP) And José Maria Arruda From The Law School Of USP. Both Pointed Out Negative Effects Of The Measure.

According To Lopes, The New Tax Drives Away Investors. “The IS On The Extraction Of Oil And Gas Has A Terrible Impact On The Investor Because It Creates An Additional Cost To A Commodity Produced In The Country,” He Stated. He Advocated For The Maintenance Of Exploration, Which Will Still Be Important For Decades.

ARTICLE CONTINUES BELOW

See also

Arruda Criticized The Political Use Of The Tax. “There Is A Brazilian Habit That I Consider Negative In The Creation Of Taxes, Which Is To Create Taxes With Specific Names And Narratives That Are Not Used Correctly,” He Said. For Him, The IS Should Apply To Products Harmful To Health And The Environment.

Sector Representatives Also Claim That The Veto Of The Exemption Contradicts The Practice Of Not Exporting Taxes. They Assert That The Measure Goes Against The Purpose Of The IS, Which Would Be To Discourage The Domestic Consumption Of Harmful Products.

Arruda Also Highlighted That There Is No Clear Policy For Reducing Oil Exploration In The Country. “There Is A National Economic Strategy Around Oil Extraction With Agents Such As Petrobras. So There Is No Direction Towards Decreasing Oil Extraction,” He Concluded.

The Discussion Continues To Generate Debates Among Government, Companies, And Experts.

With Information From Jota.Info.

Oil Sector Reacts to Lula’s Veto and Sees Investment Risks with New Tax

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.
They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Austria inaugurates Europe’s first high-speed railway outside China — trains travel at 250 km/h through 33 km tunnels in the Alps that took 27 years to drill

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

2 scientists analyzed in a new study whether the construction of a mega dam in the Bering Strait could be the last barrier against climate collapse, to protect one of the world’s most important ocean currents.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

5 wolf-in-sheep’s-clothing cars that hid absurd mechanics, from a sedan with a Ferrari V8 and a Toyota with a twin-turbo 2JZ to a Saab wagon that gave Porsches a run for their money and the brutal Lotus Carlton disguised as an Omega

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Smart bin in London tracked pedestrians’ cell phones, used WiFi to measure urban circulation, raised a privacy alert, and showed how a simple bin can become a street spy.

Oil Sector Reacts to Lula’s Veto and Sees Investment Risks with New Tax

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Austria inaugurates Europe’s first high-speed railway outside China — trains travel at 250 km/h through 33 km tunnels in the Alps that took 27 years to drill

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

2 scientists analyzed in a new study whether the construction of a mega dam in the Bering Strait could be the last barrier against climate collapse, to protect one of the world’s most important ocean currents.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

In just 5,660 kilometers of pipes crossing 13 countries, Africa is building the largest pipeline in its history — and the final destination is Europe.

Tuapse enters a state of emergency after an attack on an oil refinery, with a warning not to drink tap water, keep windows closed, and face severe environmental impact in southern Russia.

Petrobrás expands oil and gas production by 16.4% in early 2026, driven by the pre-salt, new platforms, and operational advancements that reinforce accelerated growth in the Brazilian energy sector.

Petrobrás breaks historical record and produces 3.23 million barrels per day in early 2026, driven by the pre-salt, new platforms, and operational advancements that reinforce its leadership in the energy sector.

The first 100% Brazilian aviation fuel came from soybeans: SAF Petrobras delivered 3,000 m³ at Galeão and is preparing R$ 17.5 billion to dominate the world market by 2027.

5 wolf-in-sheep’s-clothing cars that hid absurd mechanics, from a sedan with a Ferrari V8 and a Toyota with a twin-turbo 2JZ to a Saab wagon that gave Porsches a run for their money and the brutal Lotus Carlton disguised as an Omega

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Smart bin in London tracked pedestrians’ cell phones, used WiFi to measure urban circulation, raised a privacy alert, and showed how a simple bin can become a street spy.

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.
They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector