Brazil expects to host representatives from 190 countries, including several world leaders for the International Conference on Bio-fuels which is scheduled for next November in Sao Paulo.
Petrobras, Brazil's government managed hydrocarbons corporation, increased oil and gas production an average 1.4% during March reaching 2,114,089 barrels of oil equivalent per day (boe).
The Senator who leads the Brazilian delegation to the Mercosur Parliament announced this week he was resigning his post to protest the lack of consideration and disrespect Brazilian ministers have shown towards the organization.
Brazil's president Luiz Inacio Lula da Silva made an impassioned defense of bio-fuels rejecting that they are responsible for the recent rise in global food prices during the opening ceremony of a United Nations Food and Agriculture Organization, FAO, conference in Brasilia.
South America has a right to strengthen its armed forces but is not in an arms race, Brazil's defense minister pointed out in Venezuela. Nelson Jobim who is in the first leg of a continental visit to discuss a planned South American security council said the region needed military power to strengthen its presence on the world stage.
Brazil and Russia signed an agreement on Tuesday to jointly develop top-line jet fighters and satellite launch vehicles. Strategic Affairs Minister Roberto Mangabeira Unger said the agreement will lead to the development of fifth-generation jet fighters that are built using sophisticated engineering, such as composite materials, stealth technology and advanced radar.
Brazil's government managed oil corporation Petrobras said late Monday that more conclusive data on the Carioca ultra deep pre salt basin discovery potential will only be known after other phases in the assessment process have been completed.
For the first time Brazilian authorities admitted that the dengue epidemic in Brazil is having a serious impact on the tourist industry, particularly in Rio do Janeiro where bookings have been plummeting.
Brazilian corporations from 21 different business sectors doubled their profits in the five years of President Lula da Silva administrations (2003/2007), according to information disclosed by Economatica consultants in Sao Paulo.
Brazil announced it will promote the country's ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latinamerica.