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

Published

Brazilian President Luiz Inacio Lula da Silva - Credit: Palácio do Planalto - CC BY 2.0
Brazilian President Luiz Inacio Lula da Silva - Credit: Palácio do Planalto - CC BY 2.0

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)

Current News

Greece Approves Chevron Request to Lead Offshore Gas Exploration

Greece Approves Chevron Reques

Vaalco Reports Strong Well Results off Gabon as Drilling Campaign Advances

Vaalco Reports Strong Well Res

New Discoveries Pave Way for Johan Sverdrup’s Next Phase

New Discoveries Pave Way for J

BW Offshore's FPSO Marks Key Performance Milestone on Barossa LNG Project

BW Offshore's FPSO Marks Key P

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine