Oil Megaleilão can raise up to R $100 billion

The market was abuzz after the announcement of the Secretary of Oil and Gas of the Ministry of Mines and Energy (MME), Márcio Félix, that the government could raise between R $80 and R $100 billion in the next megaleilão that should happen later this year.

The secretary also said that the government is working for the auction to occur until 7 July, deadline due to the electoral period in the country. The issue also depends on the arrangement between Petrobras and the Union on the costly assignment, agreement between the parties in 2010 and which gave the state the right to exploit five billion barrels of oil in the pre-salt.

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