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Home New Regulatory Model - Brazil In Brazil, deputies decided to roll back vote the pre-salt for sharing scheme

In Brazil, deputies decided to roll back vote the pre-salt for sharing scheme

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08 Dec 2009 - by PreSalt.com - Source: Agência Brasil

Party leaders decided earlier that the vote will resume the pre-salt projects by sharing scheme (PLs 5938/09 and 2502/07, in course together) - the most contentious issue of the legal framework of the pre-salt, because the divergence between the states on the division of royalties.The leaders decided to book the sessions today and tomorrow to discuss and vote projects.

Last week, the rapporteur of the proposals, Mr Henrique Eduardo Alves (PMDB-RN), announced new changes in its opinion to give more royalties to states and municipalities do not produce oil. The change would be made in the division of Special Participation - charge levied for existing operations - with allocation of 10% to non-producing states and 5% to no-producing municipalities 5%, now get nothing.

Obstruction

The leader of the PSDB, Mr José Aníbal (SP), said, however, that the opposition will continue blocking the work to force the government to vote on Bill 1 / 07, which grants all retired by INSS the same indices a minimum wage increase. He believes, however, that the main obstacle the government to vote on the sharing scheme is the lack of consensus in the governing coalition on the rules for division of royalties.

The leader of PSB, Mr Rodrigo Rollemberg (DF), minimized the impact of obstruction of the opposition and said the government will ensure a quorum for the vote on the proposals. He said he was confident the vote on the basis of sharing scheme this week.

Backbone

The government leader, Henrique Fontana (PT-RS), said that while not voted sharing system, the winners are producing states and oil companies, since the country is unable to place bids, and the current system remains.

He said that sharing is the backbone of the legal framework of the pre-salt, which at the moment, the government will measure the ability of obstruction of the opposition to define future strategies for the other projects.

Petrobras

The substitute bill to PL 5941/09, adopted on 11/12 by the special committee that reviewed the matter, establishes that the Union will transfer to Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), without bidding, five billion barrels of oil in the area of pre-salt.

 

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