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OTHER INTERVIEWS: |
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Interview of the week Fernando Siqueira |
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Fernando Siqueira, director of AEPET (Petrobrás Engineers Association) Fazendo Media: How do you see the media covering of the campaign “The oil is ours"? Fernando Siqueira: At that time there was a current that wanted the oil to be nationalized. That was the initial project that, later, changed to create a state company.But the oil legislation has many protections to prevent the use of the oil as a guarantee for debts, etc., since they knew there would be a big pressure on the whole situation. |
Edição # 9 - december, 2003. |
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A month after the law had been promulgated and the Petrobrás had been created, Assis Chateaubriand, who was a senator, presented a project to cancel it. And from that time on, now and then there is an attempt like that. In 1988, we had a very good campaign. At that time, the president of Petrobrás was Antonio Maciel, who presides Ford now, and we had a big support from the great Barbosa Lima Sobrinho, who embraced that campaign and helped us to raise the oil to the constitutional level. Petrobrás has just completed 50 years. There is a cool story about the discovery of the Lobato well, in Bahia, when they closed it stating there was no oil there. Is there a specific responsible for that? Oscar Cordeiro was the main mentor of the production. He worked hard in order to find out oil, investing his own means to achieve that purpose, but he defended the point of view that the oil should be a private property. Monteiro Lobato also defended the idea that the oil should belong to private companies, but the private business defenders missed the most important : oil production involves lots of money and a state company is a good solution because you not only can join the government resources but to get funds easier as well. I think that was a quite important decision, because when a private owner faces the first difficulty, he sells the company, in general, to the international trust. And their commitment is to the profit and not to the development of the country, which is one of the main Petrobrás causes... Exactly. Do you consider Brazil is coming closer to be an independent country in the oil issue? Yes, our production is 90% of what we consume, what I personally consider a bad statistics as well as a future problem. Today the oil has a low price in the international market, so the ideal situation would be to keep those supplies till a not far distant future – about 10 years- when the international prices will go up. Experts in the oil issue say within 10 years the production will begin to decrease after a big increase, and then the prices will dash, probably duplicating. There is a guess that the world oil supply is something around one trillion barrels. It happens that in the last eighties those supplies were increased in a suspicious way, for two reasons : the country that has oil has also credit, so it has more probability of getting funds and lower interest rates ; the second is that members of OPEP (Organization of Oil Exporter Countries) had the right to export oil proportionally to its supplies. As those supplies were never checked, each country declared whatever wanted. If we assume a supply of one trillion world barrels, we are guaranteed for 43 years. But supposing that amount is not for real, the oil supply might end quite soon. Does Petrobrás research alternative models of energy? Petrobrás once had a division in the industrial department that researched alternative sources of energy, but the government obliged it to close that division, so it stopped the research. And for some time, in spite of our campaign , we did not succeed.
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