The Oil and Petrobras - Petrobras: A History of Brazil's National Oil Company

A History of Brazil's National Oil Company

Petrobras is a Brazilian state-owned oil and gas company. It is the largest company in Brazil and the largest oil company in Latin America. Petrobras was founded in 1953 as a result of the nationalization of the Brazilian oil industry. The company has since grown to become a global energy giant, with operations in over 30 countries.

The Early Years

The history of Petrobras begins in the early 20th century, when Brazil was heavily dependent on imported oil. In 1938, the Brazilian government created the National Petroleum Council (CNP) to oversee the exploration and production of oil in Brazil. In 1953, the CNP was replaced by Petrobras, which was given a monopoly on the Brazilian oil industry.

The Growth of Petrobras

In the early years of its existence, Petrobras focused on exploring for and producing oil in Brazil. The company made a number of important discoveries, including the giant Garoupa field in 1974. In the 1980s, Petrobras began to expand its operations internationally, acquiring oil and gas assets in a number of countries, including Angola, Nigeria, and Venezuela.

The Challenges of the 21st Century

In the 21st century, Petrobras has faced a number of challenges, including the global financial crisis, the decline in oil prices, and the Lava Jato corruption scandal. Despite these challenges, Petrobras has continued to grow and expand its operations. In 2017, the company announced a major investment plan to increase its production of oil and gas.

Petrobras Today

Today, Petrobras is a global energy giant, with operations in over 30 countries. The company is the largest oil and gas producer in Brazil and the largest oil company in Latin America. Petrobras is also a major player in the global oil and gas market, and it is committed to meeting the world's growing demand for energy.

Why You Should Read This Book

The Oil and Petrobras - Petrobras is a fascinating history of one of the world's largest oil companies. The book provides a detailed account of Petrobras's founding, growth, and challenges. It is a must-read for anyone interested in the history of the oil industry or in the history of Brazil.

Conclusion

The Oil and Petrobras - Petrobras is a well-written and informative book that provides a comprehensive history of Petrobras. The book is a valuable resource for anyone interested in the history of the oil industry or in the history of Brazil.