Cebri discusses future oil in the face of the pandemic

Last week, there was a debate promoted by the Brazilian Center for International Relations (Cebri) on the future of the oil sector amid the coronavirus pandemic. The former director general of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, and Jorge Camargo, former president of the Brazilian Institute of Petroleum, Gas and Biofuels (IBP), were present.

At the moment, the main assessments have revolved around how the crisis generated by the pandemic will delay the opening of the gas market and prevent competition in the refining sector.

"The crisis will affect all achievements. Therefore, the challenge is not to go back in regulation. We can't lose our conquests. There will also be a decline in investments in renewable energy, with cheaper oil," Oddone said.

"The industry will suffer. Opening up the gas and refining market is going to be difficult at the moment. That's what you're going to pay for the crisis," Camargo said.