Expansion of Brazil's ports key to oil industry growth

18 February 2013

 

 
Justin Jacobs, RIO DE JANEIRO: At the mouth of Rio de Janeiro's iconic Guanabara Bay, a queue of ships waiting to berth at the city's main port shows the strain rapid economic growth in recent years has putting on Brazil's infrastructure. The port, one of Brazil's busiest, is vital to keeping this bustling city running. It is also an important staging ground for companies developing offshore oil and gas projects in the nearby Campos and Santos basins.

For the oil and gas industry, clogged ports here and elsewhere threaten to slow development activity, adding another potential bottleneck to operations as companies try to develop billions of barrels oil discovered offshore Brazil. 

The government has promised to support the expansion and modernisation of Brazil's port infrastructure. In December last year, president Dilma Rousseff launched the Logistics Programme for Ports, a major investment and reform plan for the port...



Please log in to read the rest of this article.

Note: If you subscribe to PE Unconventional and wish to read this article, you will need to upgrade your subscription to include Petroleum Economist. Please contact Alastair Noakes on +44 (0) 207 779 8007 for full details.

New to Petroleum Economist? Take advantage of one week's free access - register here

Login here


You  must login to read the rest of the article.


Login

Join us now


Gain 7 days FREE access when you register now


Join here

Related Articles