Chevron fined US $27.5 million for the hottest oil

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Chevron was fined $27.5 million for the oil spill in the waters off Brazil. On the 18th, environmental protection organizations protested against the pollution of marine ecology caused by the oil spill in front of Chevron's headquarters in Rio de Janeiro, Brazil

the fine is only equivalent to the oil production price of the accident oilfield in 3.5 days; On the 21st, the Brazilian Association for environment and renewable natural resources announced that Chevron, the US oil giant, would not be fined about US $27.5 million for its crude oil spill in Brazilian waters

the oil spill triggered a turbulent undercurrent against American oil companies in Brazil, and also unveiled the political game between Brazilian local governments and American oil companies

On the 20th, George Barker, CEO of Chevron Brazil, admitted that there were mistakes in the operation and took full responsibility for the accident. For Buck, the biggest crisis is not a fine, because this fine is only equivalent to the "price of total oil production in 3.5 days" of the accident oilfield. What buck needs to worry about is the anti American oil exploitation forces aroused by this matter in Brazil

the oil reserves in the lower salt layer are up to 100billion barrels

Brazil's oil reserves are amazing. According to the statistics of Brazil's national oil and Gas Association, the oil reserves in the lower salt layer in Brazil's offshore are up to 100billion barrels. This oil is enough to meet the needs of the United States for more than 14 years. The daily output of crude oil in the waters near Rio de Janeiro and Sao Paulo alone is as high as 2.1 million barrels, of which 80% of the crude oil exploitation is divided up by many oil companies. In order to prevent these oil companies from further exploitation, Brazil has stopped selling offshore oil exploitation rights in these two regions since 2007

the oil well where the accident occurred belongs to Fred oil company, and Chevron is the largest shareholder with 52% shares, more than 30% of Petrobras

the Rio de Janeiro energy research group focused on the development of special chemicals, new chemical materials, medicine, and bio based materials. Pires, the head of the center, revealed that the accident may further delay the sale of oil exploration rights in Brazil's undersalt region

Pires said, "many government officials do not want to sell the exploitation rights. Although Brazil will legislate that the national oil company will dominate the oil exploitation in these regions, the government has postponed the new exploitation rights. Although the only big misunderstanding now is that there are fewer and fewer sales until next year, if the government argues for the protection of the marine environment, the exploitation rights issue may be shelved for a long time."

national oil companies must hold more than 30%

Cleveland Jones, a geologist at Rio de Janeiro's national oil and Gas Association, believes that the leak will become an excuse to limit foreign oil companies, accelerate the politicization of Brazil's oil industry, expand politicians' control of the oil industry, and increase political risks in Brazil's oil industry

American media expressed concern about this and pointed out that the crude oil spill accident exposed the environmental risks of developing Brazil's "oil wealth", which may further promote nationalist oil politics and restrict Brazil's development

as early as December 2010, the Brazilian Congress approved the oil sector to carry out the reform of relevant mining regulations, making the national oil company the leader of all new oil mining projects in the subsalt region, accounting for more than 30% of the shares of all mining companies. The spill may further weaken the interests of foreign oil companies in Brazil and subsequently strengthen the exploitation privileges of Petrobras

the state government wants to impose an additional fine of $56million

after the accident, Brazil began a national discussion on the future oil concession. Considering the possible environmental pollution risks caused by deep exploitation, Rio state and most other oil producing States strongly opposed Brazil's expansion of oil exploitation in Congress

Carlos mink, the Minister of environment of Rio state, said that the state government also plans to impose an additional fine of about US $56million on chevron through civil litigation. Mink had been complaining about chevron before, and he had claimed that he would withdraw the mining license from Chevron. However, the Brazilian Environmental Protection Agency said that Chevron's license was protected by law and that mink had no right to withdraw it

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