Resumption

Recent measures for the oil and gas sector boost economy, says IBP's Antonio Guimarães

T&B Petroleum/Portal Brasil
09/08/2017 15:02
Recent measures for the oil and gas sector boost economy, says IBP's Antonio Guimarães Imagem: Antonio Guimarães, IBP Visualizações: 1747 (0) (0) (0) (0)

The regulatory measures adopted by the federal government in the oil and gas sector, such as the mark that releases Petrobras from being the sole operator of the pre-salt, were not only positive for the state oil company. They also contributed to the improvement of the Brazilian economy.

 

This is because the more oil is produced, the more the Union, the states and the municipalities collect taxes from royalties from the exploitation of the commodity. In the first half of the year, for example, when the federal revenue recorded the best result for the period, compared to a growth of 0.77%, oil production played a decisive role in this.

 

Precisely because the Brazilian government receives the so-called oil royalties, a value paid by companies that exploit the raw material, and this value increases when production advances. From January to June, revenue from royalties reacted and grew 53.34%, to R $ 17.8 billion.

 

"Increasing production means increasing royalties, which undoubtedly benefits the economy as a whole," said Antonio, the executive secretary of Exploration and Production at the Brazilian Institute of Oil, Gas and Biofuels (IBP), Antonio Guimarães. According to him, the federal government's measures in the sector will increase competition in the oil auctions and generate more jobs and income.

 

"Most likely, what we will have is that other actors (companies) will buy blocks in Brazil, will invest, and, as a benefit, we will have an acceleration not only of investments that will generate employment and income, but greater Production and, consequently, payment of royalties and taxes that generate benefits for Brazilian society, "he said.

 

 

Most Read Today
see see
FIRJAN
Despite Tariff Hikes, Oil Drives Rio's Trade Flow Up 9% ...
27/02/26
Royalties
December Production Royalty Payments Distributed to Stat...
26/02/26
Award
BRAVA Energia Wins Top Honor at OTC Houston for Atlanta ...
26/02/26
Strategic Agenda
ABPIP Presents 2026 Strategic Agenda to Chairman of the ...
26/02/26
People
TVO Enhances Project Management Expertise
26/02/26
Memorandum of Understanding
Wärtsilä and Abu Dhabi Maritime Academy explore collabor...
12/02/26
Pre-Salt
Petrobras platform P-79 arrives at the Búzios field
12/02/26
Results
Petrobras’ oil and gas production rises 11% and reaches ...
12/02/26
Permanent Offer
Comprehensive and Unprecedented Joint Statement Speeds U...
12/02/26
PPSA
MME and MMA Clear Strategic Pre-Salt Areas, Enabling the...
12/02/26
Biomethane
Biomethane in Focus with Debate on Credit, Regulation, a...
12/02/26
People
Mario Ferreira is the New Commercial Manager at Wiz Corp...
11/02/26
Visas Agreement
Brazil implements electronic VISIT Visa for Chinese citizens
22/01/26
Biofuels
Sifaeg Highlights New Investment Cycle and the Consolida...
21/01/26
Drilling
Foresea’s Norbe IX Drillship Undergoes Scheduled Mainten...
21/01/26
State of Ceará
Companies from Ceará lead the H2MOVER-Pecém project, sel...
08/01/26
Maritime Support
Ambipar carries out more than 600 port and maritime emer...
07/01/26
Petrobras
Petrobras celebrates 20 years of the Santos Basin Unit
07/01/26
Pelotas Basin
TGS launches maritime safety application for operations ...
07/01/26
Diesel
Petrobras and Vale move forward with fuel supply partnership
07/01/26
ANP
In November, Brazil produced 4.921 million boe/d
07/01/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.