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Home New Regulatory Model - Brazil Brazil, Minister talks about pre-salt projects sent to the Senate

Brazil, Minister talks about pre-salt projects sent to the Senate

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12 Mar 2010 - by PreSalt.com - Source: Agencia Brasil

The Minister of Institutional Relations, Alexandre Padilha, said yesterday (11) expect the Senate to resolve the problem created by the amendment related to the pre-salt (sub-salt), adopted on 10/03 at the Chamber of Deputies, which reduces the participation in the distribution of royalties oil to the producing states. The amendment affect states such as Rio de Janeiro and Espirito Santo.

Padilha said he believed the Senate, "as the home of the federation," federation resolve these conflicts, as has already shown maturity in other situations. "The debate in the House began with a conflict, it was an uneven distribution, but with the approval of the amendment, entered another conflict: what to do with the states that lost revenue a day to day," he said.

The House finished voting on the pre-salt (subsalt) projects, including those who handle the capitalization of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA) and that was the concession system for sharing, but what caused most controversy was the distribution of royalties. The discussion now moves to the Senate. In evaluating Padilha, the government emerged victorious with regard to approval of the central tenets of the regulatory framework of the pre-salt in the House.

Asked if this assessment extends to the question of royalties, Padilha said, "this was a debate that did not involve the government and opposition, but the dispute between the non-confrontational regional states and confrontational. Who was victorious in yesterday's vote were not bordering states. "

In the Senate, the government will defend the original proposal that was sent to the Board on the new model of exploiration of pre-salt. The minister said it was urgently requested for the pre-salt projects that are in the Senate. He said there will also request for the emergency that was approved 10/03 by the House.

The government's strategy to adopt the pre-salt projects in the Senate was discussed today at a meeting between President Luiz Inácio Lula da Silva, the chairman of the Senate, José Sarney (PMDB-AP), the Chamber, Michel Temer (PMDB-SP) The Minister Alexander Padilla and government leader in the Senate, Romero Juca (PMDB-RR).

Last Updated on Monday, 15 March 2010 09:08  

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