Most of the country’s onshore gas will be used in generating power. A tender for exploration of onshore blocks is due in October.
Author: Agência Brasil
Petrobras informed that starting next year, the country’s output volume will match that of consumption. From 2007 until last year, demand for oil products was up 4.9% and output was up 3.4%.
A research by the National Confederation of Industries shows growth in sector production, from 46.1 points in February to 52.9 points last month.
The number of formal jobs generated dropped as against February, when 123,400 new work posts were generated in the country. This was the best march of the last three years.
A report from the International Monetary Fund estimates that the Brazilian economy should grow by 3% this year. The estimate is down 0.5 percentage point from January.
Roberto Carvalho de Azevêdo is one of five candidates still competing for World Trade Organization director-general, after the first phase of the selection process.
The economic activity index, measured by the Central Bank of Brazil, presented a drop in comparison with January. This was the worst result for the month, in this comparison, since the figure started being recorded, in 2003.
Brazil’s minister of Sports, Aldo Rebelo, has said work at stadiums in the 12 2014 World Cup host cities is at least half-completed.
The WTO has revised down all global trade forecasts for this year. Growth rates were 2% in 2012 and 5.2% in 2011, but this year the pace should be sluggish.
The WTO has revised down the forecast for foreign trade growth this year. There was 2% growth in 2012, and 5.2% in 2011, but growth this year should remain slow.
The balance of US dollar inflows and outflows in Brazil ran a deficit from April 1st to 5th. In March, a US$ 391 million surplus was recorded, following two months on a deficit.
Foreign Trade Chamber ruling will remain effective from May 1st to July 31st, up to a quota of 80,000 tonnes. Tax exemption for wheat has been raised from 1 million to 2 million tonnes.
Brazil’s production of sugarcane should reach 653.8 million tonnes in the 2013/2014 crop, according to the National Food Supply Company. In the previous cycle, Brazil picked 588.9 million tonnes.
Laad Defence & Security begins on Tuesday, in Rio de Janeiro. According to the defence minister, Celso Amorim, Brazil should sell aircraft to Senegal and sign a military aviation agreement with nations in South America.
