Yesterday (6/3), the Public Hearing No. 18/2023 was held virtually and broadcasted on ANP's YouTube channel, concerning the proposal to amend Resolution ANP No. 874/2022. This regulation establishes the criteria for setting the reference price of oil, which is used in the calculation of government shares (royalties and special participation).

In her opening remarks at the hearing, Director Symone Araújo (pictured) spoke about the importance of the topic discussed during the event for society.

"In 2023, with an average equivalent production of 4.3 million barrels per day, R$ 53.6 billion in royalties and R$ 38.7 billion in special participation were distributed to states, municipalities, and the Union. These numbers demonstrate the unequivocal relevance of the impact of the calculation and distribution of government shares, activities attributed to the ANP which, legally, indirectly represent a point of support and development for numerous public policies in the country, across the three federal entities," said the director.

The draft resolution discussed today was subjected to a public consultation for 45 days, during which 30 contributions were received from stakeholders interested in the topic. The proposal presents regulatory changes compared to the one presented at Public Hearing No. 24/2022. Modifications were made, such as the incorporation of temporary commands and the replacement in the reference price quotation of heavy derivatives, which led to the holding of a new phase of social participation through the public consultation followed by the public hearing held today.

The reference prices of oil and natural gas are adopted by ANP to calculate the dues owed to the Union, states, and municipalities by oil and gas producers, along with other variables such as the production of oil fields and the current exchange rate.

Watch the full broadcast of Public Hearing No. 18/2023.