{"id":147057,"date":"2019-11-11T12:00:27","date_gmt":"2019-11-11T12:00:27","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=147057"},"modified":"2019-11-18T08:35:34","modified_gmt":"2019-11-18T08:35:34","slug":"bolsonaro-puts-up-brazilian-richest-oil-wells-for-sale-to-foreign-companies","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2019\/11\/bolsonaro-puts-up-brazilian-richest-oil-wells-for-sale-to-foreign-companies\/","title":{"rendered":"Bolsonaro Puts Up Brazilian Richest Oil Wells for Sale to Foreign Companies"},"content":{"rendered":"

The productivity of the Buzios field is higher than the Arab wells and generates 40,000 barrels\u00a0a day.<\/em><\/p><\/blockquote>\n

\"\"<\/a>

Police officers guard outside the venue where Brazil’s government’s auction for offshore oil fields is held, in Rio de Janeiro, Brazil, Nov. 6, 2019.
| Photo: Reuters<\/p><\/div>\n

6 Nov 2019 – <\/em>One of them is the Buzios field where there are three of the\u00a0world\u2019s most productive wells, which are capable of yielding more than 40,000 thousand barrels per day, a productivity\u00a0level that is greater than\u00a0that in Saudi Arabia, according to the Petrobras Engineers Association (AEPET).<\/p>\n

Bolsonaro\u2019s auction of public oil\u00a0fields has drawn attention due to the size of the financial losses\u00a0Brazil will suffer\u00a0as a result of selling off the assets to foreign companies.<\/p>\n

Brazil\u00a0stands to lose\u00a010 million\u00a0oil barrels which are part of \u201calready discovered\u201d reserves\u200b\u200b\u200b\u200b\u200b, meaning private companies\u00a0will have a very low risk that\u00a0their exploration activities will not result in almost immediate\u00a0production.<\/p>\n

https:\/\/twitter.com\/KessyaACL\/status\/1192077692398637064?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1192077692398637064&ref_url=https%3A%2F%2Fwww.telesurenglish.net%2Fnews%2FBolsonaro-Puts-Up-Brazilian-Richest-Oil-Wells-for-Sale-to-Foreign-Companies-20191106-0001.html<\/p>\n

\u201cThere are 4.5 million people living in misery. There are simply no signs that the current situation will change. On the contrary, indicators will be worse. The Bolsonaro era is sad: they deliver oil resources and destroy the State. Less\u00a0employment, health and education. More hunger. In short, less rights!\u201d<\/em><\/strong><\/p>\n

Experts\u00a0argue that exploring those fields should have\u00a0been assigned to the country\u2019s public company Petrobras, which would have seen\u00a0Brazil earning\u00a0revenues\u00a0amounting to US$277 billion in total.<\/p>\n

\u201cThe auction is inopportune and detrimental to the national interest,\u201d the AEPET president Felipe Coutinho said and added that privatization will not improve the Brazilian balance of payments.<\/p>\n

\u201cOil should be used primarily for domestic consumption\u2026 No country has grown\u00a0ever by exporting crude oil through foreign companies and importing refined fuels.\u201d<\/p>\n

Former President Dilma Rousseff<\/a> denounced that the\u00a0oil auction will generate unprecedented damage to her country\u2019s national sovereignty as part of the\u00a0#destructive neoliberal agenda\u201d of Bolsonaro\u2019s government.<\/p>\n

\u201cThe government is handing over our greatest wealth and our future as a nation. It reduces to dust Lula da Silva\u2019s law which guarantees Petrobras preference in oil exploration.\u201d\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/p>\n

https:\/\/www.facebook.com\/teleSUREnglish\/videos\/537832313668857\/?t=1<\/p>\n

______________________________________________<\/p>\n

Related: <\/em>Brazil Mining Regulator Says Vale ‘Negligence’ Cost Lives<\/em><\/a><\/p>\n

Go to Original \u2013 telesurenglish.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

6 Nov 2019 – One of them is the Buzios field where there are three of the world\u2019s most productive wells, which are capable of yielding more than 40,000 thousand barrels per day, a productivity level that is greater than that in Saudi Arabia, according to the Petrobras Engineers Association (AEPET).<\/p>\n","protected":false},"author":4,"featured_media":147059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147,180,53,55,146,169],"tags":[1441,547,239,232,120,354,1014,401,267,541,754],"class_list":["post-147057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-brics","category-latin-america-and-the-caribbean","category-capitalism","category-economics","category-trade","tag-big-oil","tag-brazil","tag-brics","tag-capitalism","tag-conflict","tag-economics","tag-energy","tag-environment","tag-geopolitics","tag-latin-america-caribbean","tag-oil"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/147057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=147057"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/147057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/147059"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=147057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=147057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=147057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}