Brazil’s oil regulator published, this Friday (10), the rules for the 5th Oil and Gas Bidding Round under the Production Sharing Regime.
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Total volume dropped 0.3% in June from May, as per a survey from the Brazilian Institute of Geography and Statistics (IBGE).
The Sharjah-based budget carrier saw USD 32.6 million in Q2 2018. The airline flies to 150 destinations and carried 2.05 million passengers in the period.
In the first half of this year, the Brazilian bus maker shipped 860 units to 17 countries in those two regions, including five Arab markets.
Brazil exported USD 59 billion worth of goods from January to July, an all-time high for the period.
Think tank Fundação Getulio Vargas’ index on current scenario and future expectations dropped in July from April.
The company’s exports to the region reached 2.3% of the total in the year’s first half. Exports to Africa also increased.
The budget deficit of the Arab country shrank to SAR 7.3 billion (USD 1.97 billion) in Q2 2018. In Q1 2018, it was SAR 34.4 billion (USD 9.29 billion).
Last month, the increase in prices reached 0.33%, below the 1.26% registered in June.
The company redirected part of the cuts from Brazilian plants that used to go to Russia to the region. The Russian market still hasn’t lifted the ban to Brazilian beef imposed at the end of last year.
An agreement was reached this Tuesday at the Arab Brazilian Chamber of Commerce in São Paulo. An Egyptian importer is bringing the franchise into 17 other markets.
The North American currency ended this Tuesday at BRL 3.767, up 0.98% over the previous day.
Sales from Brazil to the Arab country totaled USD 6.46 million from January to July, a decline of 17.4% over the same period of 2017.
The second auction of the Brazilian federal government’s stake in production-sharing contracts will be held on the 31st at the São Paulo Stock Exchange.
