Browsing: Economy
The topic was discussed yesterday on the last day of the 9th Arab Business Forum, in Doha. Trade tariffs between nations in the bloc will start being reduced in 2006. The businessmen, however, also want to overcome other problems, like quotas for some products and the economic differences among the countries.
The construction work for the Syrian-Brazilian refinery is due to start in the beginning of next year, as the result of a partnership between the Brazilian Cristalsev, Cargill Africa, three Syrian companies and an international finance company. The refinery will process one million tonnes of raw sugar per year and will be located in the city of Homs.
The Brazilian oil giant signed yesterday the last contract for the construction of platform P-53, which will produce 180,000 barrels of oil and six million cubic metres of gas per day. The project is part of the aim of making the country self sufficient in oil already on the following year. Petrobras is going to invest US$ 17.1 billion in 2006.
An Algerian distributor placed an initial order for 10,000 square metres of floor tiles, wall tiles and porcellanato and is going to establish a showroom for company products at a new store in Algiers. The company already sells to other Arab countries.
According to a study by the Federation of Industries of the State of Paraná, in southeastern Brazil, 48.86% of the companies in the state are developing their own innovation. They are companies like Bematech, which produces machinery for retail automation, and Nutrimental, which introduced cereal bars to Brazil.
From the Newsroom* São Paulo – Brazilian aircraft manufacturer Embraer signed yesterday (07) a contract with the Colombian government to supply 25 units of the Super Tucano, turboprop aeroplane for military training and light attack. The deal, at the value of US$ 235 million, will be the first export of this model, which already is
Before the end of the year external sales from the Brazilian carmakers are expected to yield US$ 11.2 billion. National production also had the best performance ever. It is estimated that the production of vehicles should reach 2.44 million units in 2005.
The Gulf country spent US$ 110 million with Brazilian products between January and November this year. This figure represents a growth of 189% over the same period in 2004. Qatar, whose income is growing due to sales of natural gas, purchased more buses, meats and ore from Brazil.
Agência Brasil Rio de Janeiro – The President of Petrobras, José Sérgio Gabrielli, affirmed this Wednesday (07), in Rio de Janeiro, that in 2006 the government-owned company will start intensifying its operations in the refining market of oil byproducts, both in Brazil and the United States. Petrobras has already announced the construction of two refineries
Agência Brasil Rio – Petrobras – Brazilian Petroleum S.A. – plans to invest US$ 17.4 billion next year on petroleum exploration and production, expansion and modernization of its refineries, and increased oil production in Brazil and abroad. In a note to the press, the State enterprise affirms that 2006 will be "the year when Brazil
