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: 1750 (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
OTC Brasil 2025
O&G exploration is key to social development and a just ...
28/10/25
OTC Brasil 2025
Experts warn regulatory instability threatens US$100 bil...
28/10/25
International Company News
Sercel Awarded Major Contract by ONGC to Supply Sercel 5...
28/10/25
Record
Petrobras announces production record of FPSO Almirante ...
28/10/25
OTC Brasil 2025
Event brings together global offshore industry leaders a...
28/10/25
OTC Brasil 2025
Petrobras participates in OTC Brasil 2025, in Rio de Janeiro
28/10/25
Petrobras
Petrobras produced 3.14 million barrels of oil equivalen...
27/10/25
FIRJAN
By 2035+, Rio de Janeiro State’s Energy Potential Could ...
23/10/25
Pre-Salt
PPSA to auction in December the first share of governmen...
23/10/25
Auction
Petrobras wins auction and leases RDJ07 terminal at the ...
23/10/25
Permanent Offer
Equinor acquires two new blocks in the Campos Basin duri...
23/10/25
OTC Brasil 2025
OTC Brasil 2025 Kicks Off in One Week with a Packed Prog...
22/10/25
Agreement
Wärtsilä Lifecycle agreement renewed to maintain safe, r...
22/10/25
Petrobras
Petrobras receives operating license for deepwater explo...
20/10/25
Equatorial Margin
License Grant for Drilling in the Equatorial Margin Is P...
20/10/25
Equatorial Margin
ABESPetro Statement on the Licensing of the Equatorial M...
20/10/25
Energy Transition
BNDES, Petrobras, and Finep select Valetec to manage the...
20/10/25
Pre-Salt
Petrobras and PPSA sign equalization agreement for Jubar...
20/10/25
WPC Energy Youth Forum
Kuwait to Host 8th WPC Energy Youth Forum in October 2025
20/10/25
Exports
Petrobras signs contract to sell six million barrels of ...
20/10/25
Petrobras
Petrobras puts the Harpia supercomputer into operation
10/10/25
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.