The favorable situation of oil prices, despite the high volatility, has allowed the Government to correct some of the main imbalances in public accounts and deleverage the country (AM 1361), favoring savings in interest payments, which should translate into greater budgetary leeway in the next exercises.

At the level of MinPetro, as ascertained, the revival of demand for oil and gas and for some oil projects, due to rising prices, was seen as an opportunity to reverse the trend of decline in oil production and ensure the viability and relaunch of the natural gas industry, namely the Angola LNG Project (AM 1363). READ MORE