Petrobras announced 11 new platforms in Brazil’s pre-salt oil layer by 2027. This will boost oil production in coming years. The company aims to raise its daily output from 2.06 million to 2.4 million barrels by 2027. The total output could reach 3.6 million barrels per day with partner fields. The first new platform, FPSO […]
Related Posts
Brazil Faces Historic Debt Surge and Fiscal Deficit
In 2023, Brazil’s Gross Public Debt soared to 74.34% of its GDP, up 2.66 percentage points from 71.68% in 2022, the Central Bank reported on February 7. This increase pushed the debt to R$8.1 trillion ($1.62 trillion), a rise observed over six months from July. The Central Bank links this growth to higher nominal interest […]
Rwanda Expands Mining Sector with Rio Tinto Lithium Partnership
Rwanda has signed a game-changing deal with global mining giant Rio Tinto. This partnership aims to uncover the country’s hidden lithium wealth. The agreement marks a pivotal moment for Rwanda’s mineral sector. Rio Tinto leads the exploration efforts, joined by local firm Kinunga Mining Ltd. and British company Aterian PLC. Their focus is on lithium, […]
Panama’s Economy Hit Hard by Cobre Panama Contract Protests
Panama’s National Council of Private Enterprise (Conep) has reported major economic losses, estimating the damage at over $1.7 billion. These losses follow protests against a new contract for the Cobre Panama project. The government enacted this contract on October 20. The protests included street closures and large marches. They began after a quick approval of […]