DOCSLIB.ORG

ENERGY ADVISOR a WEEKLY PUBLICATION of the DIALOGUE June 10, 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ENERGY ADVISOR a WEEKLY PUBLICATION of the DIALOGUE June 10, 2016 LATIN AMERICA ADVISOR ENERGY ADVISOR A WEEKLY PUBLICATION OF THE DIALOGUE www.thedialogue.org June 10, 2016 BOARD OF ADVISORS FEATURED Q&A TOP NEWS Mary Rose Brusewitz Partner, OIL & GAS Strasburger & Price Can Parente Jeffrey Davidow Venezuela’s Senior Counselor, Maduro Creates The Cohen Group Nurse Petrobras Mining Ministry Ramón Espinasa Consultant, Venezuelan President Nicolás Inter-American Development Bank Back to Health? Maduro late Tuesday announced Luis Giusti the creation of a ministry devoted Senior Advisor, solely to mining, as the OPEC Center for Strategic & country attempts to diversify International Studies national revenues away from oil Jonathan C. Hamilton amid low global crude prices Partner, by exploiting untapped mineral White & Case resources. Raul Herrera Page 2 Partner, Corporate & Securities Practice, Arnold & Porter RENEWABLES James R. Jones Co-chair, Macri Seeks 20% Manatt Jones Global Strategies Renewables in Jorge Kamine Pedro Parente has promised to restore Petrobras’ fi nancial health without government assis- Counsel, tance. // File Photo: Brazilian Government. Energy Mix Skadden Arps Argentine President Mauricio Craig A. Kelly Macri is seeking as much as $20 The board of Brazilian state-run oil company Petrobras last Director, billion in investments over the Americas Int’l Gov’t Relations, month named Pedro Parente as the company’s new CEO. next decade in a push to generate Exxon Mobil Parente, who replaces Aldemir Bendine in the post, has a fi fth of Argentina’s power from Jeremy Martin Q renewable resources by 2025. Director, said that political interference in the state-run oil company Page 3 Energy Program, will come to an end and vowed to restore the fi rm’s fi nancial health, Institute of the Americas adding that Petrobras will sell assets and will not rely on a government Larry Pascal RENEWABLES Chairman, bailout. Parente was formerly the top executive at the Brazilian unit of Americas Practice Group, U.S. agribusiness company Bunge and currently chairs stock market Jamaica’s Holness Haynes & Boone Commissions 24 Charles Shapiro operator BM&FBovespa. How successful will Parente be in managing the President, company amid low oil prices and an ongoing corruption investigation? MW Windfarm World Affairs Council of Atlanta How practical is Parente’s plan to avoid government intervention while Jamaican Prime Minister Andrew R. Kirk Sherr Holness on Saturday commis- President, restoring the company’s fi nancial health? What effect will Parente’s busi- sioned the Wigton III wind energy Clearview Strategy Group ness-focused background have on the government-run oil giant? plant. Garrett Soden Page 3 Director, Etrion Corporation Clarissa Lins, founding partner of Catavento Consultancy Mark Thurber in Rio de Janeiro: “The recently appointed Petrobras CEO, Partner, Andrews Kurth Pedro Parente, is known for his leadership, managerial skills Alexandra Valderrama and ability to navigate in turbulent contexts. Among his Manager, A International Government Affairs, recognized accomplishments while he was a civil servant are a complex Chevron process of debt renegotiation with more than 20 local governments in Lisa Viscidi 1998 and the management of the energy crisis in 2001, both under former Program Director, Inter-American Dialogue President Fernando Henrique Cardoso. After a successful longstanding Max Yzaguirre career in the public sector, Parente fi rst transitioned to the private sector President and CEO, as the CEO of media conglomerate RBS and then moved to lead Bunge The Yzaguirre Group operations in Brazil. He currently chairs the Brazilian stock exchange, BM&FBovespa, and is partner of an investment boutique. His profession- Holness // File Photo: Jamaican Government. Continued on page 3 COPYRIGHT © 2016, INTER-AMERICAN DIALOGUE PAGE 1 LATIN AMERICA ENERGY ADVISOR June 10, 2016 OIL & GAS SECTOR NEWS NEWS BRIEFS Aranguren Facing Venezuela’s Confl ict of Interest Share of Renewables in Brazil’s Energy Mix Maduro Creates Investigation Jump to 41.2% in 2015 Mining Ministry Argentine energy minister Juan José Aranguren The share of renewables in Brazil’s energy mix is being investigated by a local prosecutor rose to 41.2 percent in 2015, a 4.6 percent in- Venezuelan President Nicolás Maduro late for potentially having a confl ict of interest by crease year-on-year, the Ministry of Mines and Tuesday announced the creation of a ministry continuing to own shares of Royal Dutch Shell, Energy said in its Brazilian Energy Review 2016 devoted solely to mining, as the OPEC country where he previously served as an executive of report published Monday, SeeNews reported. attempts to diversify national revenues away the local branch, the Associated Press reported The report also said that renewables supplied from oil amid low global crude prices by Thursday. Aranguren became energy minister 75.5 percent of the country’s electricity mix. exploiting untapped mineral resources, Reuters in December. He reported about $1.1 million For liquid transport fuels, Brazil’s ethanol reported. Nearly all of the country’s foreign in Shell’s class-A shares in a wealth statement and biodiesel had a 21.4 percent penetration, exchange comes from its oil industry. Mining released this week. The Argentine government among the highest in the world. CO2 emissions is defending Aranguren against mounting in the country have fallen to about 33.6 percent criticism, and cabinet chief Marcos Peña said less than the world’s average, which the Wednesday that “the law is very clear,” and ministry attributed to the high percentage of there is no confl ict of interest. Critics, however, renewables in the country’s energy mix. say that Aranguren could benefi t from his privi- leged information about the oil market. Correa Predicts Oil Will Odebrecht Unit Hover at $50/Barrel Through Year-End Mirabal // File Photo: Venezuelan Government. Awaiting Financing Ecuadorean President Rafael Correa on for Pipeline Project Wednesday predicted that oil prices would activities had previously been overseen by the remain around $50 per barrel through year-end, Ministry of Petroleum and Mining, and the new The credit committees for a group of 20 banks Reuters reported. He added that the predicted Ministry of Ecological Mining Development will set to provide the syndicated loan to fund an price level would not be enough to relieve the supervise state-run mining companies, such as Odebrecht natural-gas pipeline project in Peru fi nancial strain on the Andean country. Low Minerven and the Venezuelan Mining Corpo- have so far refused to sign off on the deal, oil prices have increased debt and reduced ration, among other responsibilities. Roberto citing concerns over the corruption scandal in investment in the small oil-exporting country Mirabal will head the new ministry. In Febru- Brazil that landed the company’s former CEO in and have hindered economic progress. ary, Maduro said mining “is one of the most prison and has implicated many others in Bra- immediate sources” the nation has to balance zil’s political and business sectors, Bloomberg its revenues, the Financial Times reported. The News reported Tuesday. According to two Maduro administration is seeking foreign in- Mexico Plans for Next people with direct knowledge on the matter, vestment in gold production and this year inked Odebrecht has not received a $4.1 billion loan Bidding Round of Energy an agreement with Canadian mining company for the construction of the pipeline, because Auction by End of July Gold Reserve to develop the Las Brisas and credit committees do not feel comfortable Las Cristinas mines, Reuters reported. Mirabal The next round of bidding in Mexico’s oil and lending to Odebrecht unit Gasoducto Sur will be in charge of leading negotiations with gas auctions is set for the end of July and will Peruano, or GSP, a special-purpose venture Gold Reserve, which won a $750 million award include 15 shallow water blocks for exploration of the construction conglomerate, due to the through the World Bank’s International Center and extraction in the Gulf of Mexico, Energy “Operation Carwash” corruption scandal and for Settlement of Investment Disputes over the Minister Pedro Joaquín Coldwell said Wednes- possible fi nes that the holding conglomerate 2009 termination of a mining concession. Gold day, Reuters reported. The following round may face. GSP won a 34-year license to build Reserve agreed this year to participate in a will be called by the end of the summer during and operate the 671 mile-long pipeline in June new joint venture with Venezuela as part of the which 14 onshore blocks for exploration and 2014. Spain’s Enagas holds a 25 percent stake, resolution of the dispute. production in the Burgos basin and southeast and Peru’s Grana & Montero bought a 20 per- Mexico will be up for grabs. COPYRIGHT © 2016, INTER-AMERICAN DIALOGUE PAGE 2 LATIN AMERICA ENERGY ADVISOR June 10, 2016 cent stake in September for $215 million. GSP sustainable projects. “The government has a national grid, the government said in a state- has been looking into more expensive bridge keen sense of urgency, which is a very good ment. The 24 megawatt Wigton III wind energy loans while it awaits syndicated fi nancing, the thing. They are doing lots of the right things at plant began supplying energy to the grid in people with knowledge on the matter said. a feverish speed,” he said. March at its projected output rate, generating Odebrecht controls a 55 percent stake in GSP, at a rate of 63,072 megawatts per year. The fa- and it is in talks with fi ve potential bidders to cility includes 12 wind turbines, each with two sell its stake. It has transferred GSP manage- Jamaica’s Holness megawatts generation capacity, a 9.6 kilometer ment to Enagas, said a press offi cial at the São Commissions 24 MW transmission line and a new substation.
Load more

Recommended publications
  • Annual Report 2020
    BRAZILIAN CENTER FOR INTERNATIONAL RELATIONS 2020 ANNUAL REPORT THINKING DIALOGUING DISSEMINATING INFLUENCING www.cebri.org Table of Contents 04 PRESENTATION 06 2020 HIGHLIGHTS 11 CEBRI IN NUMBERS 2020 12 PROGRAMS 13 South America 16 Asia 20 United States 23 Europe 25 Multilateralism 29 Agro 32 International Trade 34 Culture and International Relations 37 Energy 40 Infrastructure 42 Environment and Climate Change 46 International Security 49 MEETINGS WITH PUBLIC OFFICIALS AND EXECUTIVES 51 CEBRI ONLINE EVENTS 52 Foreign Policy 54 Economic Policy 55 Brazil 57 COMMUNICATION 58 Social Media 59 Press 61 NETWORKING 62 Stakeholders 64 Members 66 Partnerships 68 INSTITUTIONAL 69 About CEBRI 70 Board of Trustees 72 International Board 73 Senior Fellows 75 Individual Members 76 CEBRI Staff Presentation Getting through 2020, with all its uncertainties, impelled us to reinvent ourselves every day. We reach this moment with satisfaction for seeing CEBRI gain a new dimension, expanding its reach and recognition and further fulfilling its mission as a think tank. We held 135 events with a total audience of 150,000 people. In this document, you will find the links to the recording of all of this year’s events. Among the many themes on our agenda, in 2020 we dedicated special attention to discussing and reflecting upon geopolitics and foreign policy. In addition to the discussion panels, we launched 46 José Pio Borges publications, which are also available in the following pages. Chaiman of the Board of Trustees at CEBRI Throughout the year, we restructured some of our thematic programs, totaling twelve fronts of work. In 2021, we will launch position papers with CEBRI’s recommendations on the respective areas.
    [Show full text]
  • The Political Economy of Deforestation in Brazil and Payment-For-Performance Finance
    CGD CLIMATE AND FOREST PAPER SERIES #10 The Political Economy of Deforestation in Brazil and Payment-for-Performance Finance Sérgio Abranches1 Abstract Reduction of climate emissions from deforestation (now known as REDD+) was among the innovations introduced in the Brazilian policy agenda during President Lula’s administration and Marina Silva’s tenure as Environment Minister. Ideas and policies related to reducing deforestation evolved along two different paths that eventually converged: one ideological and the other political. The ideological path started outside governmental circles, initiated by researchers from independent NGOs who used the meetings of the United Nations Framework Convention on Climate Change (UNFCCC) as a platform to raise issues and form a coalition strong enough to persuade the government and powerful domestic interest groups to accept an idea they had been opposing since the approval of the Kyoto Protocol. The political path took shape when Environment Minister Marina Silva created a space in 2003 for the open discussion of policies to reduce deforestation, bringing together NGO researchers and government officials. In the political space where the ideological and political paths converged, the decision of the Norwegian government to support the Amazon Fund (Fundo Amazônia), announced at UNFCCC’s COP13 in Bali in 2007, legitimized the idea and contributed to the paradigm shift in Brazilian deforestation reduction policy that eliminated obstacles to the introduction of a REDD+ mechanism as an official policy tool. This paradigm shift represented the abandonment of the official and dominant view of REDD+ as an undue intervention of foreign interests in domestic policy, to the view of REDD+ as a legitimate and legal mechanism of global cooperation to reduce emissions from deforestation.
    [Show full text]
  • El “Establishment” Dado Vuelta: Un Año De Cambio En Brasil
    REVISTA DE CIENCIA POLÍTICA / VOLUMEN 39 / N° 2 / 2019 / 165-189 THE ESTABLISHMENT UPSIDE DOWN: A YEAR OF CHANGE IN BRAZIL* El “establishment” dado vuelta: un año de cambio en Brasil DEBORA DUQUE University of Pittsburgh, USA AMY ERICA SMITH Iowa State University, USA*1 ABSTRACT This was a year of dramatic changes in Brazilian politics, as the established parties and actors that had dominated Brazilian politics for two decades were humbled. The year began with the administration of the extremely unpopular, lame duck President Michel Temer, and ended awaiting the inauguration of far-rightist Pres- ident Jair Bolsonaro on January 1st, 2019. In this article, we describe and analyze the major events of 2018 in Brazilian politics. From the perspective of legislative and executive productivity, the year was largely uneventful, as President Michel Temer had spent most of his political capital mustering the legislative votes needed to avoid prosecution for corruption. Yet transformations were afoot in parties and civil society. Three of the country’s most traditionally important parties – the PT, PMDB, and PSDB – were decimated, and the PT’s icon and standard-bearer Lula da Silva imprisoned. Meanwhile, the right and far-right grew in importance, and Jair Bolsonaro won the presidency with the sponsorship of the previously extremely small Social Liberal Party (PSL). Key words: Brazil, Jair Bolsonaro, Lula da Silva, elections, corruption RESUMEN 2018 fue un año de cambios dramáticos en la política brasileña. Los partidos y actores po- líticos que habían dominado la política brasileña durante dos décadas fueron humillados. El año comenzó con la administración del extremadamente impopular presidente Michel Temer y terminó esperando el comienzo de la presidencia del candidato de extrema derecha, Jair Bolsonaro.
    [Show full text]