Jose Sergio de Oliveira Machado participated in the 24th Congress of Finance Executives

Sergio Machado, President, Transpetro participated in the 

24th Congress of Finance Executives

The president of Transpetro, Jose Sergio de Oliveira Machado, participated in the 24th National Finance Executives Congress (Conef). Here, amidst various authorities, executives and businessmen, Sergio highlighted about the factors that were paramount for the growth of oil and gas sector. He emphasized that the pre-salt discoveries presented as extremely beneficial for the gas and oil sector in Brazil. He elaborated that the shipping industry in Brazil had tremendous unearthed potential. This was in context with the huge demand for investment, rigs, vessels, support and platforms in the shipping sector. Sergio Machado believed that all these offered great opportunity for revenue generation in Brazil. 

Sergio Machado firmly opined that it was prerequisite for Brazil to be competitive to earn its actual worth at the global belvedere. Talking more about the development, Machado exalted about the Naval Industry and stressed on the importance of Transpetro and its fleet expansion program titled Promef.Promef ordered 49 vessels that worked as the shot in the arm for the sector.

Machado delved a little on the details concerning Promef. He believed that the fleet needed an upgrade to incorporate modernizatio9n and expansion of the fleet. There were 3 vessels, waiting to receive the finishing touch while 9 other ships and 3 trains were fairly under construction. There is not even an ounce of doubt that Sergio Machado was the man who breathed life into the dormant shipping industry in Brazil.