Rio Oil Gas: 2016 Brazil & needs to be more competitive in the market of oil

The importance of changes in regulatory and fiscal fields to promote a more competitive and sustainable industry in the country was the central theme of the opening of the 18th Edition of the Rio Oil Gas, largest & oil and gas from Latin America, promoted by the Brazilian Institute of oil, gas and Biofuels (IBP).

The event began on day 24 October, in Riocentro, with the presence of the President of the Republic, Michel Temer, and authorities such as the Minister of mines and energy, Fernando Coelho, Deputy Minister of planning, Marlene Oliveira, Governor licensed of Rio de Janeiro, Luiz Fernando Pezão, Governor of Espírito Santo, Paulo Hartung, the Mayor of Rio, Eduardo Paes the Director-General of the national agency of petroleum, Natural gas and biofuels, Magda Chambriard, the President of Petrobras, Pedro Parente, President of the Brazilian Institute of oil and gas (IBP), Jorge Calderon, as well as executives in the industry.

The authorities were unanimous in recognizing that Brazil needs to be more competitive in the market of oil and gas. The President of the Republic supported the approval by Congress of the Bill that ends up with the figure of the single operator of Petrobras in the pre-salt layer, which makes the country more attractive for investments and stimulates the development of the sector, generating income and jobs for the society. Fear underscored the importance of dialogue and integration between the Executive, legislative and judicial branches, which would have been instrumental for the subsalt project approval.

For Fear, the measure, along with others, will help in the recovery, already underway, of Petrobras. In the same direction, Jorge Calderon, President of IBP, also stressed the importance of multiple operators in the pre-salt and said that "competitiveness is what moves the industry," even more "after the collapse of prices," which made more selective investments.

For the President of Petrobras, Pedro Parente, the end of the obligation to participate in all the fields in the pre-salt layer enables the company to better manage its assets, investment opportunities and negotiate partnerships.


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