31-03-99 The Brazilian national oil agency ANP will analyse the possibility of saving 40 % of the oil & gas market for the Brazilian firms that produce equipment or provide related services.
According to Odebrecht Oil & Gas, the country is prepared to produce 65 % of the necessary oil & gas machinery. According to BNDES, the national oil & gas sector will receive investments of nearly $ 50 bn over the next years.
YPF plans to invest $ 145 mm in oil research and development this year. The company predicts to generate $ 1.6 bn revenues in Brazil until 2003. Besides Petrobras, it negotiates joint ventures with Agip, Unocal and CVRD.