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

Ocean Infinity Takes Delivery of Final Armada Fleet Vessel

Petrobras Auctions Two Offshore Platforms for Recycling

Shell Picks Valaris Drillship for Work Offshore Brazil

Current News

Shell Greenlights Waterflood Project to Bolster Production in Gulf of America

ESVAGT Acquires Two SOVs from Edda Wind

Dräger to Supply Gas Detection, Monitoring Tech to North Sea Operator

NKT Expands Swedish Cable Accessories Plant Amid Rising Demand

Subscribe for OE Digital E‑News