Brazilian Small Oil Equipment Companies Get a Chance to Export

Micro and small companies in Brazil linked to the oil and gas sectors, which manufacture items such as valves, pipes, couplings and compressors, and provide other services, will have an opportunity for exporting their products for the first time ever.

The opportunity will be provided by means a pioneering project, established through a partnership between the National Organization of the Petroleum Industry (ONIP) and the Brazilian Export and Investment Promotion Agency (Apex).

The Apex-ONIP project was presented yesterday, February 6, in Rio de Janeiro, capital of the southeastern Brazilian state by the same name, to a group of local businessmen, and should be presented to people in the industry in other states as well.

The superintendent at ONIP, Bruno Musso, explained that the project for promoting Brazilian exports, established in late 2006, will be developed over the course of two years (2007/2008) and ensures the presence of participating companies in five international trade shows, and in business missions to 11 different countries. Up until now, 60 companies have adhered to the program, which is accepting new members.

"The project is aimed at increasing exports in 30% in 2007, based on export figures for 2005, and then 35% in 2008. In 2005, the 60 participating companies exported approximately 90 million Brazilian reais (US$ 43,2 million) worth of products. The figure does not correspond to the sector's exports," he explained.

Musso also said that, besides increasing export volume, the program is aimed at generating employment and income as well. "We want to have at least 20 new companies to enter the foreign market."

The program brought the two organizations together for the first time ever to elaborate a project for the sector, and has a budget of 4 million reais (US$ 1,9 million), to be shared by Apex and the sector's companies.

ONIP is the manager of the project, which will be evaluated halfway through 2008. The idea, according to the superintendent at ONIP, is to propose to Apex the creation of a new program for the 2009/2010 period, based on the results of the experience being implemented now.

Tags:

You May Also Like

Low Inflation Keeps Brazilian Market Jumping

Latin American stocks gained ground, with Brazilian shares attracting buyers on encouraging inflation data. ...

No Reason to Fear Brazil’s Growth, Says Rice

U.S. Secretary of State Condoleezza Rice began a four-country tour of Latin America April ...

Number of Jobs Remains Stable in Brazil and Income Goes Up Slightly

Industrial employment has remained stable over the past two months, according to data released ...

Brazilian Indians Want You to Help Them Halt Hydroelectric in Sacred Land

The Paranatinga II hydroelectric power station is being built in a sacred site for ...

Dollar Out in Brazil-China Trade. Real and Yuan In

Brazil's Central Bank (BC) informed that it has reached an initial understanding with China ...

Cover of January 2007 issue of National Geographic Magazine

Saving the Planet Is the World’s Duty. Not Brazil’s Alone

The January 7 issue of National Geographic features the Amazon as its cover story. ...

Poll Gives Brazil’s Lula Presidency Again by a Landslide

Less than two weeks from Brazil’s second-round presidential election the final results are already ...

Brazilian Exports Drop 16%

Brazilian exports added up to US$ 9.804 billion in April, while external purchases reached ...

For Lula’s Advisor Left in Brazil Is Not Disunited as in Chile

Brazilian Marco Aurélio Garcia, president Luiz Inácio Lula da Silva’s main advisor in international ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`