Increased inspection will make Rio receive R$ 25 billion by

The deputies of the Legislative Assembly of Rio de Janeiro (Alerj) approved last Monday (8) the report of the Parliamentary Inquiry Commission (CPI) to investigate the drop in the collection of compensatory revenues from oil and gas exploration in the state. The expectation is that, with increased inspections of transfers, Rio de Janeiro will raise R$ 25 billion by 2030.

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The final report has 261 pages and will be voted on in the Alerj plenary by the end of this month. It provides recommendations to 14 institutions, including the State Secretariat of Finance (Sefaz), Petrobras and the National Petroleum Agency (ANP).

Deputies Márcio Pacheco (PSC), Waldeck Carneiro (PT), Martha Rocha (PDT), Carlos Macedo (Rep), Célia Jordão (PRP) and Alexandre Freitas (no party) voted in favor of the text.

The final document is the result of the analysis of more than 180 official letters and 19 public hearings over nine months of work. The CPI estimates that the state has failed to earn, in the last ten years, around R$ 20 billion and projects new gains, with the changes, of R$ 5 billion over the next nine years.

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The chairman of the commission, Deputy Luiz Paulo (Citizenship), said that the CPI “uncapped a Pandora’s box” when investigating rebates that he considered “absurd” of special participations referring to charters contracted abroad, depreciation and provisions for abandonment.

“The State of Rio de Janeiro, the producing municipalities and the Union itself have been dispossessed in recent years, and they need to be treated with the respect they deserve, because they are part of our Federative Republic of Brazil. It is necessary to review these concepts, it is necessary to that Petrobras has transparency and that the ANP inspects better,” he said.

Tenders for ANP

The increase in revenue was possible to be achieved after the CPI demanded the signing of the Term of Agreement signed by the ANP with Sefaz, on June 14, 2021. The term of agreement aimed to strengthen the inspection of undue rebates that the oil and gas concessionaires paid the special participations.

The CPI report calls for a public tender by the ANP to fill in and increase the technical staff, which allows for better inspection.

“Only three or four inspectors can’t handle this task, and nothing ends up being monitored properly. It is necessary for us to better qualify our professionals. It is a CPI in favor of the state of Rio de Janeiro and not against Petrobras, we are partners in this process and we want everyone to win. We want this to be a win-win operation. The state wins, the Union wins, the producing municipalities and concessionary companies win”, said Luiz Paulo.

Source: BoF Rio de Janeiro

Edition: Eduardo Miranda

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