The Ministry of Mines and Energy studies a package of measures that can increase by up to R $ 35.25 billion the collection with the oil and gas sector between 2025 and 2026. The initiative was discussed on Monday (2) in a meeting between Minister Alexandre Silveira and President Luiz Inácio Lula da Silva, according to sources linked to the government.
The idea is to accelerate the implementation of measures as a response to fiscal pressure and to contain the political wear and tear caused by the discussion around the increase in tax on financial operations (IOF). According to interlocutors, Silveira argues that the plan is quickly put into practice as a way of demonstrating the executive’s proactivity against Congress and to avoid more unpopular solutions to close public accounts.
In order for the proposals studied by MME to serve as an alternative to the IOF, they depend on the end of the Ministry of Finance and according to the Planalto Palace. In addition, Congress has charged structural measures and not punctual actions in the context of the crisis.
The most impact measure is the early sale of oil that belongs to the Union in non-non-salt contracted areas, especially in the Tupi, Mero and Atapu fields. The operation can generate up to $ 15 billion in revenues as early as 2025, provided that approved by bill. Today, this type of revenue only enters the Union cash over the years, as production advances.
The government also expects the National Petroleum Agency (ANP) to take advantage of the production of production in the jubarte field (R $ 2 billion) and revise until the end of July the oil reference prices, used for the calculation of royalties (R $ 1 billion).
Also departed from ANP would change in the sapinhoá field (R $ 100 million) and an auction of oil fields (R $ 150 million). Directly to the government, it would be responsible for a rules decree on special participation, which is part of the revenue of productive areas that is up to the Union, states and municipalities (and would lead to a rise of $ 2 billion in the federal government).
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The government’s projection is that if all measures are approved and executed on time, it will be possible to raise R $ 20.25 billion by 2025 and R $ 15 billion by 2026, totaling R $ 35.25 billion expected. For this, it will be necessary to advance with approvals at the National Petroleum Agency (ANP) and ensure support at the National Congress.
See some proposals
- The approval of a production division agreement in the jubarte field, which can generate R $ 2 billion in 2025;
- Review of oil reference prices, used to calculate royalties, with potential to raise up to R $ 3 billion;
- The change in the special participation rules – extra collection on very profitable fields – with an estimated impact of up to R $ 9 billion, of which part goes to states and municipalities;
- And new auctions of exploration areas, expected to collect over R $ 1 billion.
