The influence of privatizations in the onshore and offshore sectors

With the privatist wave that spreads through the oil and natural gas sector, the oil and state blocks of Brazil continue to be bound by private initiative, gaining even more strength in the Bolsonaro government. The President's economic team released a list, listed with 131 public companies that are in the process of evaluation to be sold to the private sector, most of them in the sectors of energy, oil and gas.

According to the Minister of Economics Paulo Guedes, the disposal of companies and deficit subsidiaries, has the objective of organizing what he judges as a mess in the national economy. The sale of assets of the main Brazilian state should be achieved with early forecast this year. However, the fact that there are states that cause more damage to public coffers than income, may end up becoming a controversy, especially when it is defined in a generalized way.

Among the main effects of privatizations in the sector are the absence of state intervention in fuel prices for the cost generated in the pocket of the final consumer, leaving the responsibility in the hands of the private sector, of Profitable, where capital is the greater good.

Another questioning that hangs is related to the maintenance of public tenders and the permanence of outsourced employees in the state. Brazilian public companies are responsible for generating jobs for millions of workers, and since the expansion of the economic crisis, this reality is under threat of becoming a past that Brazil has already been a part of.

As for the guidelines that will define the path of the onshore and offshore sectors, despite the uncertainties, the expectation is that the Brazilian market exceeds the margin of investments and grows fairly economically and socially, generating profit, jobs and Development, according to the government's economic team and financial institutions.

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