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Brazil Property News: Oil discovery boosts small businesses in Brazil
22nd November 2007 03:40
The discovery of an oil field in Brazil will boost small businesses in the country, according to new reports.
Brazilian firm Petrobras' discovery of the oil field, which is estimated to account for 40 per cent of all of the country's oil, will benefit around 2,000 micro and small businesses from 11 Brazilian states, which are currently qualifying themselves as suppliers to the oil and gas production chain, reports Brazzil Mag.
Manager of co-ordinating this chain at Petrobras, José Luiz de Oliveira Reis, told the news provider: "Speaking directly to the market generates less echo. It is also a means of leveraging the companies that are located near the Petrobras units."
He added: "All of the companies involved have learned how to cooperate. Being in a network is more productive than being alone."
The discovery of such a large quantity of oil in Brazil is expected by many industry experts to have a positive effect on the country's economy, which has weathered the current instabilities in the US financial markets well.
Economic growth may further encourage property investors to buy real estate in the country, which expert researchers for the UK-based Property Investor and Homebuyer Show tipped to be poised on the verge of a property boom at this year's show.
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