CNPE requests that PPSA study the signing of contracts for refining oil of the Union

The measure was deliberated at the first meeting of the committee in 2023 and aims to evaluate mechanisms that prioritize the national supply of petroleum-derived fuels

Pré-Sal Petróleo SA (PPSA) should start carrying out studies on the technical and economic viability of mechanisms to prioritize the national supply of fuels derived from petroleum. The proposal was one of the main deliberations of the first meeting of the National Energy Policy Council (CNPE) of 2023, held this Friday (17/03), at the Ministry of Mines and Energy (MME), in Brasília.

The CNPE measure is based on Law number 12.304/2010, which allows the PPSA to sign contracts, representing the Union, for refining and processing oil, natural gas and other fluid hydrocarbons, resulting from production sharing contracts. Currently, the oil belonging to the Union is sold in its raw form, at the offshore production unit.

According to the Minister of Mines and Energy (MME), the main objective now is to add value to the Union’s oil through the sale of refined products and also to strengthen the national fuel market. “We want the Union’s oil and natural gas, coming from production sharing contracts, to promote Brazil’s industrialization and guarantee security in the national supply of energy, oil inputs, nitrogen fertilizers and other chemical products, reducing dependence on external, and valuing local content. Our companies need to prioritize domestic supply. That’s what we’re looking for”, highlighted Minister Alexandre Silveira, president of CNPE.

The proposal was supported by President Luiz Inácio Lula da Silva, who fully participated in CNPE meeting. He asked for a concentrated effort so that the entire agenda is thought through on the side of social justice and the fight against inequalities. “We must always think carefully about our internal demand, valuing the arrival of investments in our country, guaranteeing employment and income for our population. This is what we need to prioritize and I count on you to honor this commitment”, highlighted the president.

Pre-Sal Petróleo SA (PPSA) will have one hundred and eighty days to carry out studies on the technical and economic viability of mechanisms to prioritize the national supply of fuels derived from petroleum.