Brazil Govt Will Promote Recovery in Shipbuilding, Oil & Gas, President Lula Says

Rodrigo Viga Gaier
Tuesday, February 7, 2023

Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA  and development bank BNDES. 

"Petrobras will return to invest here in Rio de Janeiro and the BNDES will invest more in the country's productive sectors," he said during the inauguration of a health facility in Rio de Janeiro state. 

(Reuters - Reporting by Rodrigo Viga Gaier; Editing by Sarah Morland)

Categories: Shipbuilding Energy Industry News Activity South America Regulations

Related Stories

Brazil’s Petrobras Targets Rapid Start-Up at Sudoeste de Tartaruga Verde

UK’s GEB Plans Major Renewables Expansion Through 2030

Petrobras Signs Up Acteon for Mooring Asset Integrity Services

Current News

ESG Completes Service Operation Vessel Conversion for HOS

Orbital Marine Power Secures $9.31m Investment

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

VAALCO Energy Spuds First Well in New Drilling Campaign off Gabon

Subscribe for OE Digital E‑News