[Brazil] - Petrobras Courts Chinese Investors to Revive Brazil's Shipbuilding Sector

INSUBCONTINENT EXCLUSIVE:
On April 28, 2025, Petrobras CEO Magda Chambriard met in Beijing with Chinese business leaders, investors, and government officials.She
shipbuilding sector faces significant underuse and needs investment to modernize and expand
oil and gas logistics and create jobs
40% of their components sourced from Brazil.Transpetro also plans to tender nine more vessels in 2026
(Photo Internet reproduction)Petrobras recently signed contracts worth R$16.5 billion for the construction and chartering of 12 Platform
Supply Vessels
and indirect jobs
Petrobras has signed agreements with Chinese state firms CNOOC and Sinopec to collaborate in oil exploration.These partnerships reflect
looking to learn from Chinese expertise in renewable energy
However, Petrobras faces scrutiny for seeking environmental permits to drill in sensitive areas like the Foz do Amazonas basin, despite its
broader push to revive domestic industry and create jobs.The shipbuilding sector remains a key focus, with the government attending contract
signings and emphasizing local content requirements
This strategy reflects a clear, mercantile interest in strengthening national capabilities.It also aims to reduce dependence on
foreign-built vessels