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From Now On, Concession Is Out, Sharing Is In for Brazil Oil PDF Print E-mail
2009 - January 2009
Written by Alexandre Rocha   
Tuesday, 15 September 2009 19:11

Lula, Brazilian flag, Petrobras Brazil's new rules for exploration and production of oil in the subsalt layer maintain the attractiveness to private companies, be they national or foreign. The statement was made in São Paulo, by the president of the Energy Research Company (EPE), an organization connected to the Ministry of Mines and Energy, Maurício Tolmasquim, in an interview to foreign correspondents in Brazil.

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Comments (3)Add Comment
Why Brazilians Should Demand the Renationalization of Petrobras
written by Ricardo C. Amaral, September 16, 2009

Ricardo: The Brazilian government is in the right track regarding its policies about the newly found oil reserves in Brazil.

And the Brazilian government should give a priority for the economic development plan as per my article as follows:

July 2008 - Why Brazilians Should Demand the Renationalization of Petrobras.
http://www.brazzil.com/article...obras.html

There are 348 comments following that article.


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I don’t agree with the use of revenues as mentioned on the above article: “The money collected with the sale of oil by the Union should be fully turned to a "social fund", a kind of sovereign fund to invest in the fight against poverty, education, science and technology and environmental protection.”

I would give priority to the items listed on my economic development plan and I also would add to that economic development plan at least another $ 100 billion dollars to build a military force in Brazil to be in tune with the new Brazil of the 21st Century.

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Brazilian Economic Development Plan - By Ricardo's Plan
written by Ricardo C. Amaral, September 16, 2009

Ricardo: In case people don’t know which economic development plan I am talking about – here is the major parts of the plan as follows:
The investments would be done taking into consideration Brazil's long-term strategic needs, and here are the main areas for investment in Brazil. I would suggest that the Brazilian government invest at least $ 400 billion dollars in five major areas in Brazil as follows:

1) Nuclear power plants - US$ 180 billion

2) Strategic infrastructure - US$ 50 billion

3) High-speed broadband infrastructure - US$ 30 billion

4) High-speed rail networks - Bullet Trains - US$ 40 billion

5) Defense spending – US$ 100 billion

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...
written by observer, September 19, 2009
How about the first priority should be to get the oil out of the pre-salt then we can play with the numbers

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