Related Articles
Forward article link
Share PDF with colleagues

Expansion of Brazil's ports key to oil industry growth

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 sector.

Also in this section
Ecuador muddling on
26 July 2017
The South American producer needs an overhaul to spur new oil growth. Its new president isn't likely to deliver
Yet another Brazilian crisis
26 July 2017
The country's oil reforms are promising, but the president's scandal-plagued term could undermine their longevity
US oil sanctions on Venezuela would escalate crisis
21 July 2017
As Donald Trump threatens to introduce measures against the South American nation's exports, the outcome could be ruinous for all concerned