A study by ABESPetro, conducted with consultancy firm Delloite, pointed out the Brazilian oil and gas industry could receive investments of USD 24 billion a year until 2025.
Author: Agência Brasil
Inflated prices of products such as fertilizers and oil increased Brazilian imports in July, diminishing the positive trade balance.
The Brazilian company announced its refineries were running nearly full tilt at the end of June.
Countries of the bloc agreed to lower taxes on products from nations outside the bloc.
The Brazilian Ministry of Economy revised the growth estimate for the country to 2% in 2022. The previous projection was 1.5%.
A report published by the Inter-American Development Bank and The Economist newspaper placed Brazil in the ‘developed’ category for public-private partnerships.
The oil company finalized the sale of 51% of its stake in Gaspetro to Compass for USD 394. The sale is part of a commitment to promote competition in the natural gas sector in Brazil.
The 2022/2023 Brazilian agribusiness financing plan (Plano Safra) will make BRL 340.8 billion (about USD 65 billion) available to agribusiness. The amount is 36% higher compared to the previous year’s credit.
The Brazilian Chemical Industry Association reported the sector could obtain the amount by 2024. Brazil’s industry is the sixth-largest in the segment in the world.
The national institution increased its estimate for Brazilian GDP growth in 2022, which in March was at 1%. Household consumption and investment in production could be some of the main boosters.
Starting Tuesday (21), Brasília will host a series of meetings between Latin American countries and the Organization for Economic Cooperation and Development. The Brazilian government will present the main results of projects for the country to join the OECD.
UNHCR said in a report that the number of people displaced by war, violence, persecution, and human rights abuses hit another record, capping a decade-long rising trend.
Brazil’s president Jair Bolsonaro announced a cut in import tax rates from 16% to 12% on video games, consoles and accessories starting in July.
The International Energy Agency reported that demand is likely to rise to 101.6 million barrels per day in 2023, driven by Chinese demand.
