One-Third of This Year's Oil Auction Revenue Should Go to States and Municipalities

One-Third of This Year’s Oil Auction Revenue Should Go to States and Municipalities

Written by Renato Oliveira

Published on 06/06/2019 at 01:00

Updated on 05/06/2019 at 20:27

Texto do orçamento aprovado

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Budget That Requires The Federal Government To Transfer 30% Of What Is Collected In The Oil Auctions Still To Take Place This Year Has Been Approved And Will Now Go To Vote In The Plenary

On Tuesday, 04/06, the Chamber of Deputies approved the text that provides for States, the Federal District, and municipalities to receive part of the funds from the auction of the excess oil from the pre-salt in the Santos Basin.
Deputy Carlos Henrique Gaguim (DEM-TO) partially changes the distribution of pre-salt resources but kept the base text forwarded by the Senate.

Carlos Henrique also requested that the federal government, with part of the collected amount, compensate Petrobras for losses from the variation in oil prices related to the onerous assignment contract in the Santos Basin.

ARTICLE CONTINUES BELOW

Processing Of The Proposal

Approval of the text of the proposal by the Chamber Plenary is still pending, where it must be voted on in two rounds.
The proposal should be split in the plenary into two parts; one part, which addresses the amendments, if approved, will go to promulgation.

Meanwhile, the sections on the distribution of pre-salt resources will be sent to the Senate in the form of a new PEC. Constitutional amendment proposals can only become reality if the version approved by both Houses is the same.

One-Third of This Year’s Oil Auction Revenue Should Go to States and Municipalities

Budget That Requires The Federal Government To Transfer 30% Of What Is Collected In The Oil Auctions Still To Take Place This Year Has Been Approved And Will Now Go To Vote In The Plenary

Processing Of The Proposal

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

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One-Third of This Year’s Oil Auction Revenue Should Go to States and Municipalities

Budget That Requires The Federal Government To Transfer 30% Of What Is Collected In The Oil Auctions Still To Take Place This Year Has Been Approved And Will Now Go To Vote In The Plenary

Processing Of The Proposal

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

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Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.