Search

The Brazilian government has decided to amend legislation to attract foreign investors to its oil and gas industries. Brazil's new hydrocarbons law was ratified in Aug 6, 1997. This new law is expected to transfer control of the regulation of oil rights to the National Petroleum Agency. The Brazilian government's move to deregulate the market was meant to achieve energy self-sufficiency. The new law also breaks the monopoly of the national oil company, the Petroleo Brasileiro or Petrobras., Brazil has amended its legislation to encourage foreign investment in its oil and gas sectors, to increase reserves and supplies, write Jason Ambrose, consultant, and Adam Vaskas, consultant The ratification [...]

Brazil has imposed new economic austerity measures to control its trade deficit and stabilize its currency. The belt-tightening program comes in the wake of the government's plan to open up the oil industry to foreign investors. Under the new Oil Flexibilisation Law, the national petroleum agency ANP, will have sole responsibility for regulating the industry. Among its duties are implementing Brazil's energy policy and determining which upstream assets of Petrobas' should be sold., No sooner had the Brazilian government launched its plans to open up its oil sector to domestic private and foreign investment than it became necessary to introduce an economic austerity [...]

Brazil's publicly-owned electric utilities, including Electrosul, Companhia Paranaense de Energia and Centrais Electricas de Santa Catarina, are looking for private partners to provide additional funds for ongoing projects and to bid for concessions that are set to be auctioned by the government. Private companies such as Siemens, GE, Skoda and ABB have expressed interest in investing in electricity projects in Brazil., Due to federal government limits on tariffs, a number of hydroelectric dam and other projects had to be shelved in the eighties and early nineties. With the liberalization wave, publicly [...]

The government in Brazil is to invest in a new gas-based petrochemicals plant to be established outside Rio de Janeiro. The ethylene plant will be built alongside the Duque de Caxias refinery and the government is hoping for interest from private-sector partners. The new complex will be fed from gas from the Campos Basin.

Brazil's new ten-year energy plan, launched 24 September, has confirmed plans for the start-up of Angra 3 in 2016. As expected, it includes no provision for new build to [...]

Brazil's rush to build a series of dams on the Amazon River and its tributaries has received intense opposition from Indigenous groups and environmentalists. Recently, another factor has stymied efforts [...]

An agreement has been signed by the governments of Bolivia and Brazil for constructing gas-fuelled power generation plants to provide electricity for Bolivia's Santa Cruz and Beni provinces and the state of Mato Grasso in Brazil. Express Nacional de Electricidade of Bolivia and Brazil's Electrobras are to draw up a feasibility study for the project, on which work should begin by July 1994. The first gas should be available in 1997.

Privatization continues to sweep Latin America's petroleum sector. In a surprise move, Brazil's government has called for an end to state petroleum company Petrobras's monopoly. Last week Finance Minister Fernando [...]

Rio de Janeiro state, Brazil, Companhia Estadual de Gas (CEG), gas concern, the local industry federation, and local councils, are seeking an investment in new gas pipelines. An investment in pipelines from Cabunias has been promised by the Brazilian energy minister, while CEG also plans to invest in pipe lines. The Cabunias project involves two options, one travelling to Cantaglo, and the other to Campos, and feasibility studies have to be undertaken before the project can proceed.

Brazil needs about $50 billion in new investments in the next five or six years to fulfill rising demand for ethanol, Jose Carlos Grubisch, president of ETH Bioenergia, said. Brazil's [...]

Brazil's proposed New Social Fund allocates a portion of revenue from the presalt region to education, science, and technology. The country is also introducing a new production-sharing system for exploiting petroleum resources in the presalt region.