Brazil’s Oil, Gas Industry Expects To Create 500,000 Jobs By 2020

The oil and gas industry in Brazil, which is emerging from an economic crisis and recession caused in part by low oil prices and  reduced investment by Petrobras, is showing signs of recovery.

Companies from across the world are settling in the country, eyeing opportunities, and some analysis indicates a hiring pickup is around the corner.

A study conducted by the Brazil Development Bank shows roughly 500,000 new jobs are expected to be created in the industry by 2020. Another study carried out by the Federation of Industries of the State of Rio de Janeiro said improved flexibility of local content regulation will help drive several projects, which can bring oil and gas activity and create more jobs.

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