Brazil Round 1. Market and Infrastructure. Gilson Galvão Krause Supt. Strategic Studies



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Brazil Round 1 Market and Infrastructure Gilson Galvão Krause Supt. Strategic Studies

Market and Infrastructure General statistics on Brazilian market Existing infrastructure

Market and Infrastructure Brazilian market (1998 average figures) (Thousand B/D) Production of crude oil 980 Crude oil imports 460 Oil products imports 410 Natural gas production 190

Historical Demand Growth Rates Growth Rate (1980-1990) Growth Rate (1990-1997) Diesel 5.6% 4.3% Gasoline -3.7% 9.5% LPG 13.2% 3.2% Natural Gas 30.9% 6.3%

Oil Production Thousand BOPD 1,000 Thousand m3d 159 800 127 600 96 400 64 200 32 0 1980 1985 1990 1995 0

Proved Oil Reserves Billion Barrels 7 6 5 4 3 2 1 Million m3 1,115 955 796 637 478 318 159 0 1980 1985 1990 1995 0

Natural Gas Production MMCFD 1,200 Million m3d 34 1,000 28 800 23 600 17 400 11 200 6 0 1980 1985 1990 1995 0

Proved Natural Gas Reserves Trillion Cubic Feet 9 8 7 6 5 4 3 2 1 Billion m3 255 227 198 170 142 113 85 57 28 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 0

Brazil Natural Gas Usage - 1998 Domestic production (December 1998) 30 MMm3/d (1.1 BCFD) Petrobras 6.9 23% LDCs Sales 11.2 37% Reinjection 5.4 18% Flared 5.4 18% NGL 1.2 4%

Market and Infrastructure Brazilian infrastructure (1998 figures) Refining capacity 1,830 MBOPD 13 refineries 11 belonging to Petrobras; 98% market share Gas processing capacity 11 units All belong to Petrobras 20.6 MMm3/d No open access to gas processing facilities

Market and Infrastructure Brazilian infrastructure (1998 figures) Gas pipelines (kms) Transportation 4,000 of which, Bolivia gas line to Campinas 1,400 Transfer 2,200 LDC's 4,800 of which, São Paulo and RJ 4,400 Crude oil and oil products pipelines (kms) Transportation 4,650 Transfer 2,750

Infrastructure Natural Gas -400m -2000m Bolivia Existing Gas Pipeline Under Construction Gas Pipeline 500 Km UPGNs (Natural gas processing Units) Terminals

Crude Oil and Products Pipelines 500 Km Crude Oil Pipelines Oil Products Pipelines Lake Terminal River Terminals Sea Terminals Inland Terminals

Refineries and Gas Processing Units REMAN URUCU URUCU II LUBNOR ASFOR GUAMARÉ CARMÓPOLIS PILAR ATALAIA CANDEIAS RLAM CATU REFAP IPIRANGA RECAP SIX RPBC RPBC REPAR REGAP LAGOA PARDA REPLAN REDUC REVAP CABI NASÚ REDUC MANGUINHOS 500 Km Main Refineries Other refining Units UPGNs (Natural Gas Processing Units) UPGNs under construction State capitals

Terminals Terminals located on Owned by Petrobras Storage Capacity (M m3) Total * Storage Capacity (M m3) Sea 19 6,219 30 6,796 River 5 171 5 171 Lake 1 35 1 35 Inland 29 3,511 32 3,528 TOTAL 54 9,935 68 10,530 * Includes terminals owned by other companies certified by ANP under Portaria 80

Petrobras Terminals UBERLÂNDIA UBERABA REGÊNCIA PORTO TERMINAL TERMINAL DA REMAN SOLIMÕES MIRAMAR BRASÍLIA GOIÂNIA SÃO LUÍS CANDEIAS JEQUIÉ SUAPE MACEIÓ MADRE DE DEUS ITABUNA GUAMARÉ DUNAS CABEDELO CARMÓPOLIS RIBEIRÃO PRETO VITÓRIA VOLTA REDONDA C. ELÍSIOS GUARAREMA JAPERI CABIÚNAS BARUERI GUARULHOS ILHA REDONDA CUBATÃO ALM. TAMANDARÉ UTINGA ILHA GRANDE ALM. BARROSO ALEMOA PARANAGUÁ SÃO FRANCISCO DO SUL JOINVILLE ITAJAÍ FLORIANÓPOLIS INSET MAP (for clarity) TENIT ALM. SOARES DUTRA RIO GRANDE 500 Km LAKE TERMINAL RIVER TERMINALS SEA TERMINALS INLAND TERMINALS STATE CAPITALS

Other Products Terminals GRANEL OURINHOS ARARAQUARA BAURÚ LONDRINA SERTÃOZINHO CAMPOS SOLUTEC LARANJEIRAS TEQUIMAR BRASTERMINAIS TEQUIMAR BRASTERMINAIS DIBAL GRANEL INSET MAP (for clarity) SANTA ADÉLIA STOLTHAVEN GRANEL 500 km PETROBRAS ALCOHOL COLLECTING CENTER OTHER COMPANYS SEA TERMINALS STATE CAPITALS

Brazil Round 1 States' Monopoly on Distribution of Gas

State Monopoly on Distribution of Gas States' monopoly begins at the "city gate" State regulatory agencies control distribution All states granting exclusive distribution rights to LDCs within their territories Statewide or in specific in-state regions No competition among distributors within the states

State Monopoly on Distribution of Gas (Continued) Exemptions or special treatment regarding distribution tariffs after "city gate" Granted at sole discretion of each State ANP negotiating cooperative agreements with regulatory agencies in certain states

Natural Gas Market Structure PRODUCTION IMPORTS ANP STATE TRANSPORTATION City gate DISTRIBUTION RETAILING LDCs CONSUMERS

Brazil Round 1 Access to Infrastructure

Open Access Requirements in Petroleum Law Required for pipelines and maritime facilities ANP has promulgated rules for gas pipelines (Portaria 169) Rules for oil pipelines and maritime terminals expected later in 1999

Refineries and Other Infrastructure No open access requirements for refineries or gas processing units, tank farms, etc. Construction and increases in capacity of refineries require ANP authorization Rules are set forth in Portaria No. 28, issued February 1999 Applicant's prepared summary will be published, but certain information (such as market analysis, statements of planned production capacity and financial projections) will be treated as confidential