Brazil collects R $34 billion with oil royalties

The oil royalty collection grew 62% in the year. According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), with the special participations of incidents and the collection of the royalties, the production of oil and gas accumulated from January to August 2018 about 62% compared to the same data Registered last year.

In the first eight months of the year were collected around R $34 billion, already in 2017 the revenue was approximately r $30 billion. For the professor at UFRJ (Federal University of Rio de Janeiro) and former director of ANP, Helder Queiroz, the growth is astonishing fit by the increase in the international price of oil and the appreciation of the dollar, but that the public administration should be careful.

The special shareholdings amount to R $20.7 billion, around 82% higher compared to the previous year. Growth is due to the coming of new concentrated pre-salt projects in the country. These conditions help to level the fall of 1.3% in this year's production. According to the Ministry of Mines and Energy, the level should reach 1 billion barrels, 4% more than in 2017. The hope is that it continues to grow until the end of 2018.

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