Suppliers to the Brazilian oil sector are putting the final touches to a set of proposals that will urge the government of President Jair Bolsonaro to furnish financial support and help foster cross-sector collaboration at a make-or-break moment for the industry.
Brazilian oil production — almost 97% of which is offshore — has continued during the coronavirus pandemic, but companies across the value chain have been seriously affected by the toxic mix of the pandemic, economic paralysis and global oil glut and they want to see the Bolsonaro administration turn its attention away from the bitter strife of domestic policies and give its attention to a set of proposals to help stave off the short-term collapse in liquidity that is threatening many companies.
