After the failure of the first auction, the government is trying to raise R$ 1 billion by offering pre-salt oil reserves.
The government is trying to 'monetize' public assets at any cost and will repeat the same failed attempt from two months ago, when it released 1,8 million barrels of pre-salt oil for auction; there's even a preliminary bidding document circulating in Brasília, offering 'greater flexibility' in accessing the oil fields to interested parties.
247 – The government is trying to 'monetize' public assets at any cost and will repeat the same failed attempt from two months ago, when it released 1,8 million barrels of pre-salt oil for auction. There is even a preliminary bidding document circulating in the corridors of Brasília, which offers 'greater flexibility' in accessing the oil fields to interested parties.
“PPSA (Pré-Sal Petróleo), responsible for representing the Union in production-sharing contracts, expects to attract competition in the next oil auction on the São Paulo Stock Exchange, scheduled to take place between August and September, with more attractive rules,” said the company's president, Ibsen Flores. According to the executive, 1,8 million barrels of oil will be offered, the same volume offered in the first auction in May, which did not register any bids from participants.
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The preliminary announcement for the new bidding process should be published next week, already in accordance with new regulations established in a decree from the end of June, which allows greater flexibility for potential bidders to seek fairer prices for the purchase of the commodity, as explained by the executive.