Petrobras forecasts budget of R $ 54.7 billion for 2019

Petrobras forecasts a budget of R $ 54.711 billion for this year. The budget proposal will be presented at the shareholders’ meeting on April 25. The priority is in the exploration and production sector, which should require R $ 43.788 billion.

Another R $ 9.864 billion will be allocated to the refining, gas and energy, biofuels and distribution segments. Petrobras listed among the main projects for the year the construction works for the Rota 3 marine pipeline; the Comperj natural gas processing unit ; in addition to the completion of the first train at the Northeast refinery (Rnest) in Pernambuco, and the continuation of the Comperj refinery works – which depends on the closure of a partnership with a new partner. The corporate segment will absorb R $ 1.06 billion.

The state company reported another change on the board. The Union, as controlling shareholder, appointed Alexandre Vidigal de Oliveira, current Secretary of Geology, Mining and Mineral Processing of the Ministry of Mines and Energy, to the place of the adviser Segen Estefen.

With the change, the board of directors of the oil company will now have five new members, including the presence of the company’s president, Roberto Castello Branco.

Petrobras had previously announced the nominations of Admiral Eduardo Bacellar Leal Ferreira, for the presidency of the council, besides João Cox Neto and Nivio Ziviani.

Since the beginning of the year, the then president of the board, Luiz Nelson Carvalho, Francisco Petros Papathanasiadis and Durval Soledade have already been replaced at the board. Castello Branco joined one of the collegiate chairs in place of former president Petrobras, Ivan Monteiro.

The indication of Oliveira appears in the minutes of the general meeting of shareholders scheduled for April 25. The Union calls for the early end of Mr Estefen’s term of office, valid until 2020.

Oliveira holds a doctorate in law from the University Carlos III of Madrid and a degree from the University of Brasília (UnB). He has been secretary of the MME since January 26. He was Federal Judge from 1991 to 2019, working in Constitutional, Administrative, Tax, Criminal and Social Security Law.

Source: Valor

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