AGP Executive Report
Last update: 2 hours agoOffshore Energy: Petrobras won approval for a Tupi FPSO concept based on its operating P-68 platform, aiming to cut development risk and speed delivery. RINA also signed an €11 million, three-year Petrobras contract for subsea integrity and decommissioning studies. Industrial Policy: Brazil’s new selective tax is set to take effect Feb. 2, 2027. Vehicle rates will reflect emissions, efficiency and recyclability, with zero-emission vehicles exempt. Mining: Lundin Mining reported record quarterly copper and gold output at its Chapada mine in Brazil, helping deliver strong results as copper prices climbed. Agribusiness: The real’s sharp fall after Lula’s election win has boosted Brazilian exporters’ competitiveness and pressured global sugar, coffee and soybean prices, though dollar-priced farm inputs could soon raise costs.
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