The potential of oil and gas as well as new energy cooperation in Brazil by Chinese oil companies
The political relationship between China and Brazil is steadily advancing,and the economic resource endowments are deeply complementary.Chinese oil companies already have a good foundation for cooperation in Brazil.Brazil is rich in oil and gas resources,with reserves ranking among the top in Latin America,and is a major exporter of crude oil in Latin America.It has advantages and potentials in the onshore photovoltaic power generation and wind power,the endowment of hydrogen energy resources is superior,and the trading of photovoltaic power generation and wind power assets is active.International cooperation has injected new impetus into the development of Brazil's new energy industry.The Lula government's"Accelerated Growth Plan"will significantly increase crude oil production and expand exports,and industrial use will boost Brazil's natural gas demand.Brazil will vigorously develop wind power and solar power.It is recommended that Chinese oil companies steadily expand their interests in high-quality oil and gas resources in Brazil,consolidate the scale and status of crude oil trade between China and Brazil,make full use of the technical,operational,and management advantages of their partners,seize the opportunity to participate in completed onshore photovoltaic and wind power projects in Brazil,explore opportunities for cooperation in offshore wind power projects with international oil companies,and conduct joint research on the cooperation prospects in hydrogen energy projects.
China oil companiesBrazilinternational operationinternational cooperationoil and gas exploration and developmentnew energy
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