The company Kuwait Oil Company announced the discovery of a major natural gas area, capable of producing more than 29 million cubic feet per day, according to initial estimates.
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The Vice President of Invest RS, an agency created in 2024 to foster agreements, investments, and competitiveness, met with the Arab-Brazilian Chamber and presented business potential in 12 priority sectors of the economy.
Visitors in Karbala, Iraq, are sprayed with water to cool off as temperatures exceed 48 degree Celsius on Monday (11). A record spike in temperatures across the country, which drove up electricity demand, led to the shutdown of power transmission lines. However, according to the government, on Tuesday (12) electricity was restored, and a full
State-owned National Oil Corporation approved 29 companies as operators and eight as investors for bidding processes in the country’s oil sector.
The Secretary of International Relations of Brazil’s Ceará sate, Roseane Medeiros, visited the Arab-Brazilian Chamber and discussed joint actions to grow her state’s economic relations with Arab countries.
Banco do Brasil signed an agreement with a World Bank agency that provides support for smaller enterprises to finance foreign trade operations, sustainable production, and renewable energy projects.
Bidding notices for contracts will be issued by the end of next year, with investments totaling USD 21 billion, according to the oil company’s CEO, Magda Chambriard.
According to Petrobras’ director for exploration and production, Sylvia dos Anjos, the Brazilian state-run oil firm is looking to acquire oil fields in African countries.
Achieving high levels of productivity is one of the goals of the National Oil Corporation, according to recent discussions held at the company.
Oil is on track to become Brazil’s main export product in 2024. This will be the first time in history, according to data from the historical series that began in 1997.
The Brazilian state-run oil firm has approved a business plan for 2025-2029, with projected investments of USD 77 billion in exploration and production, USD 20 billion in refining, transportation, and marketing, and USD 11 billion in gas and low-carbon energy.
In an interview with a TV show, the Algerian state oil firm’s CEO, Rachid Hachichi, said the company is widening its international operation in 2014.
Country produced record-high 43 billion liters of ethanol and biodiesel in 2023. Ethanol output rose by 15.5%, and biodiesel 20%.
During the FII Priority, Aloizio Mercadante, President of the Brazilian state development bank BNDES, highlighted Brazil’s green and energy potential, in a bid to attract investments from the Gulf.
