Luiz Inacio Lula Da Silva News

The presidents of France and Brazil on Wednesday launched a submarine built in the South American country with French technology in a program that aims to build Brazil's first nuclear-powered submarine by the end of the decade.Presidents Emmanuel Macron and Luiz Inacio Lula da Silva attended a ceremony in the Itaguai shipyard near Rio de Janeiro, launching the third diesel-powered submarine built in a $10 billion partnership.Brazil first lady Janja da Silva smashed a champagne…

Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by the oil giant since CEO Jean Paul Prates took the helm of the company, includes investments in a range of different segments, with most of it going into oil exploration and production.The figure represents a 31% leap from the $78 billion Petrobras…

Israel on Thursday criticised Brazil's decision to grant berth to two Iranian warships in the face of U.S. pressure, and urged President Luiz Inacio Lula da Silva's government to send them away.The vessels docked in Rio de Janeiro on Sunday. Reuters reported that Brazil had declined to admit them in January, in a goodwill gesture from Lula as he flew to Washington to meet U.S. President Joe Biden.Israel and Iran have been locked in a Cold War-style conflict for decades, which has included mutual accusations of maritime sabotage…

Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA  and development bank BNDES. "Petrobras will return to invest here in Rio de Janeiro and the BNDES will invest more in the country's productive sectors," he said during the inauguration of a health facility in Rio de Janeiro state. (Reuters - Reporting by Rodrigo Viga Gaier; Editing by Sarah Morland)

Brazil's government will not proceed with the privatization of the port of Santos, the largest in Latin America, the incoming minister of ports and airports was quoted as saying on Thursday by a Brazilian newspaper.Marcio Franca, tapped to head the ministry in President-elect Luiz Inacio Lula da Silva's government, told O Estado de S. Paulo's online edition that the decision had been made not to privatize the port, located just southeast of Sao Paulo and a key gateway for exports of agricultural commodities including soybeans and sugar.Franca could not be reached for comment on the decision…

The main access road to Brazil's Paranagua port, the country's second busiest for grain exports, remained blocked by political protesters on Tuesday, according to a statement from the port authority, hobbling shipping from one of the world's top food producers. Blockades in the area were first reported Monday afternoon after similar demonstrations erupted throughout the country as supporters of outgoing Brazilian President Jair Bolsonaro protested against his narrow election loss to leftist Luiz Inacio Lula da Silva.

Brazilian President Dilma Rousseff on Monday lashed out at critics of Petroleo Brasileiro SA, saying accusations of corruption, cost-overruns and stagnation at the state-run oil company were politically-motivated. "I won't tolerate any type of wrongdoing, criminal action, influence peddling or corruption of any type no matter who commits it," Rousseff said in a campaign-style speech at the launching of an oil tanker at a shipyard near Recife, Brazil. "At the same time I won't stand by quietly when people carry out a politically-motivated, negative campaign to hurt the company's image.

Local equipment suppliers reap dividends, but there’s room for foreign businesses – if they know how to play. After huge oil finds in recent years, Brazil's need for offshore vessels continues to expand and could double between now and the end of the decade. Brazil's state-run oil company Petrobras wants to extract billions of barrels of oil while also developing its shipbuilding and service industries to create jobs. Meanwhile, Brazil is trying to use locally made vessels and equipment, but foreign companies are benefiting from the nation's oil bonanza too.

According to Bloomberg, Petroleo Brasileiro SA, Brazil's state-controlled oil company, may purchase tankers from Brazilian shipyards to export ethanol as the company moves to quadruple foreign sales of the biofuel. The ships would expand a plan to build 42 vessels for Rio de Janeiro-based Petrobras's fleet of tankers as increased oil, gas and fuels production transforms Brazil from an energy importer into an energy exporter, said Sergio Machado, head of Transpetro, the company's transportation unit. Machado expects the first such ethanol tanker, which would likely be a 75,000 metric-ton, Panamax-class fuel tanker treated to resist the biofuel's corrosive effect on steel, to be built by 2011.

The transportation unit of Brazil's state oil company Petrobras said Wednesday that it will pay $1.2b to build 10 oil tankers. Brazil's National Development Bank will finance the shipbuilding project with $1.16m, the press office of Brazilian President Luiz Inacio Lula da Silva said in a statement earlier Wednesday. Silva and Petrobras Chief Executive Sergio Gabrielli signed the deal at the port of Suape in the northeastern state of Pernambuco. The financing is the largest ever by the development bank for Brazil's once-flourishing shipbuilding industry, which the government is trying to revive. The 10 Suezmax tankers will be built by the Atlantico Sul consortium, composed of construction companies Andrade Gutierrez, Camargo Correa, Queiroz Galvao and Aker Promar.