Petrobras, Brazil’s state oil firm, is investing significantly in the Abreu e Lima refinery, known as Rnest, in Ipojuca, Pernambuco. This investment in the New Growth Acceleration Program (PAC), ranging from R$6 billion ($1.22 billion) to R$8 billion ($1.62 billion), represents a significant strategic move. The initiative is projected to create about 30,000 jobs and […]
Related Posts
Reviving Cabo Verde’s Skies: Strategic Air Link with Brazil
Cabo Verde and CVC Brasil, one of Latin America’s leading travel groups, have signed a crucial agreement to resume air connections. This step, taken on the island of Sal, signals the revival of air travel between Cabo Verde and Brazil, disrupted by the COVID-19 pandemic. The partnership aims to enhance tourism and trade, fostering stronger […]
Strong Mexican peso could impact public finances, experts say
In 2023, the Mexican peso’s appreciation against the US dollar could have significant ramifications for both the economy and public finances, according to a recent report from the Center for Economic and Budgetary Research (CIEP). Their study highlights that a stronger peso might lead to decreased oil revenues and a reduction in per capita debt. […]