Castello Branco criticizes ANP at event

Last Thursday (3), the president of Petrobras, Roberto Castello Branco participated in Rio Oil & Gas 2020. At the conference, the CEO criticized the National Agency for Oil, Natural Gas and Biofuels (ANP). 

For Castello Branco, there is an exacerbated interventionism of the Agency, which hinders Petrobras projects: “It is urgently necessary to modernize the ANP, which needs to be less interventionist,” he said. 

In addition, the president of the state-owned company also criticized Ibama and the production-sharing regime, saying that the business world “doesn’t like complicated things.” “It is essential to end the sharing regime and focus only on the concession scheme. The sharing contract has no economic sense and too much industry rate,” he said.

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