Brazil's Petrobras Has Big Plans and US$ 17 Billion to Spend in 2006
Written by Nielmar de Oliveira
Wednesday, 07 December 2005
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 will become self-sufficient in petroleum."
Petrobras announces that four new platforms will start up operations, adding 360 thousand barrels in daily petroleum production.
As a result, the company expects to establish a daily average production figure of 1.91 million barrels of petroleum in Brazil, more than what the country consumes, thus achieving self-sufficiency.
According to Petrobras, overall oil and gas production in Brazil and abroad should reach an average of 2.5 million barrels of oil per day.
In its foreign operations, the company expects to produce 317 thousand barrels of oil and gas per day, 16% more than in 2005.
This is it. All plans are done with government corrupts managing that US$ 17 Billion. I’d say that the corrupts (read government) will take the billion and the 17 goes to charities.
What about self-sufficiency in oil? Any news on that? Is Brazil exporting oil to the Arab countries? Are the Arab countries begging for a better price yet? Ooops! My fault the sufficiency bullshit is a couple of lines down the road.
“Petrobras announces that four new platforms will start up operations, adding 360 thousand barrels in daily petroleum production”. Are the deadlines already set? In what year or century for that matter these platforms are supposed to cranking in?
As the saying goes: “The plan was PERFECT but the execution was a shit”.
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Quick Question written by Guest,
January 06, 2006
Hi, I'm 15 and I've decided to write a report on "Brazil's Petrobras" and I just wanted to know, How does this company and it's plans effect Brazil's economy? Does it make it better? Or worse? How efficient is the company? And how does the Brazilian govenment and people respond to the acts of the company; Petrobras? If you can take the time to answer these questions some time that'd be great but if you can't, thanks for the help this article gave me for my report.
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Brazil received a huge boost in its international image with its selection as the host of the 2016 Olympics, but it was really just the cherry on top of the overall recognition of the country's ascension to the ranks of one of the world's most important countries. Now, as it finally takes its place on the world scene, there has been a great deal of concern about what kind of image Brazil hopes to project, now that the world is really paying attention. 
The only good thing to say about the visit to Brazil of Iran's president, Mahmoud Ahmadinejad, on Monday November 23, is that it was mercifully short and lasted less than 24 hours. Ahmadinejad had his picture taken being hugged by president Luiz Inácio Lula da Silva who gave him a warm welcome and said Iran had every right to develop nuclear energy for peaceful purposes. 
The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
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One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis. 
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Depletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse. 
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I’d say that the corrupts (read government) will take the billion and the 17 goes to charities.
What about self-sufficiency in oil? Any news on that? Is Brazil exporting oil to the Arab countries?
Are the Arab countries begging for a better price yet?
Ooops! My fault the sufficiency bullshit is a couple of lines down the road.
“Petrobras announces that four new platforms will start up operations, adding 360 thousand barrels in daily petroleum production”. Are the deadlines already set? In what year or century for that matter these platforms are supposed to cranking in?
As the saying goes: “The plan was PERFECT but the execution was a shit”.