Brazilian oil and gas company Petrobras President Magda Chambriard gestures during a press conference in Rio de Janeiro on May 27, 2024. Photo: Pablo PORCIUNCULA / AFPThe new boss of Brazil's Petrobras said Monday it was crucial that the state-run company"accelerate" oil exploration, including in a controversial offshore basin near the mouth of the Amazon River.
In her first press conference, the 66-year-old said exploring"new frontiers" was key to the company's survival, touching on an issue which has divided the Lula administration and infuriated environmentalists."The focus is ensuring that Petrobras' oil assets continue to grow. This means it is essential to continue exploring oil off the Brazilian coast. This includes the Equatorial Margin and the Amapa coast," she said.
Environmental groups have long opposed crude oil exploration projects in the area where the Amazon meets the Atlantic Ocean, warning that it could pose risks to a freshwater barrier reef discovered there in 2016."We need to have authorization to explore. We will have to talk to the Ministry of the Environment and show what Petrobras is offering in terms of environmental care, much more than what the law demands," said Chambriard.
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