Brazil maintains that the settlement of the Guyana/Venezuela Border is final and must be respected, according to the country's Foreign Minister Carl Greenidge. Following his attendance at the recently concluded Mercosur Summit held in Brazil, Greenidge said Brasilia has been updated on Venezuela’s contention that the 1899 Award is null and void, and remains resolute to its original position.
Brazil has declared Gerardo Maldonado, Venezuela’s top diplomat in the country, persona non grata in a tit-for-tat move that comes just days after Caracas expelled the Brazilian ambassador.
Brazil said it was suspending fish exports to the European Union in response to concerns raised by Brussels' veterinary inspectors. The move was aimed at preventing the EU itself from ordering a suspension, said Luis Rangel, the secretary of state in charge of fisheries.
Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, up from 3.2 million b/d in 2016, making it the ninth-largest producer of petroleum and other liquids in the world. Production of crude oil in Brazil increased in recent years as producers targeted large, offshore, pre-salt oil deposits. Brazil’s pre-salt oil production in 2016 reached a record 1.02 million b/d, surpassing the 2015 production level by 33%.
The Brazilian foreign ministry has no plans to send a new ambassador to Venezuela, after Ruy Pereira was declared “persona non grata” by the government of Nicolás Maduro. With the ousting of ambassador Ruy Pereira the embassy will be the responsibility of the highest ranking diplomatic in Caracas, who is the business attaché. He is the second most senior and who has spent more time in Venezuela behind the ambassador.
Officials in Venezuela took the first step on Saturday toward expelling top diplomats from Brazil and Canada who have been accused of meddling in the country’s politics. National constituent assembly president Delcy Rodriguez declared both Brazil’s ambassador and Canada’s charge d’affaires as persona non grata, a move which does away with their diplomatic credentials.
Petrobras' business and management plan for 2018 through 2022, approved by the Brazilian state-owned oil company's board of directors, foresees investments of US$ 74.5 billion, slightly higher than the US$ 74.1 billion projected in the previous 2017-2021 program.
Keppel Corporation's offshore and marine unit has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by a former agent in Brazil. The resolution, involving three jurisdictions across the world, is unprecedented for a Singapore company.
Over almost two decades, a plant disease known as Asian rust has infiltrated soybean fields across Brazil -- the world’s biggest exporter of the versatile oilseed used in countless consumer products. But the pathogen has become so resistant to chemicals meant to kill it that many farmers spray several times during their growing seasons, and still endure output losses.
United States manufacturer Boeing Co sought to calm Brazilian concern about a potential tie-up with Embraer SA after President Michel Temer and other officials warned they would veto any full takeover bid for the regional jet maker.