Investor Presentaiton
50
YEARBOOK OF THE OIL AND NATURAL GAS INDUSTRY IN ESPÍRITO SANTOI 2022
CHAPTER 3 | ECONOMIC REFLECTIONS
57
51
Table 4 - Revenue from government participations (royalties and SP) in Espírito Santo (BRL million)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Cities in ES
736
1,372
1,743
1,659
1,763
1,996
866
1,080
1,347
1,459
927
1,307
1,218
Total Government Inte-
rests
Estate of ES
Total Brazil
1,081
43,763
2,020
2,973
2,644
2,830
1,165
1,316
1,763
2,336
3,344
1,770
2,383
2,073
48,772
56,604
53,979
56,491
35,363
24,066
40,129
67,283
68,119
54,382
81,969
117,941
% of Brazil
4.2
7.0
8.3
8.0
8.1
8.9
9.1
7.1
5.5
7.1
5.0
4.5
2.8
Cities in ES
616
1,129
1,305
1,308
1,390
938
709
843
1,004
841
637
912
888
Royalties
Estate of ES
Total Brazil
% of Brazil
603
1,051
1,222
1,243
1,336
900
690
814
962
871
609
805
753
20,119
24,708
28,105
27,678
29,555
19,971
16,052
20,153
29,675
28,544
26,569
40,007
59,128
6.1
8.8
9.0
9.2
9.2
9.2
8.7
8.2
6.6
6.0
4.7
4.3
2.8
Cities in ES
120
242
438
350
374
264
157
237
344
618
290
395
330
Special Participation
Estate of ES
Total Brazil
478
969
1,751
1,401
1,494
1,057
626
949
1,374
2,473
1,161
1,579
1,320
23,644
24,064
28,499
26,301
26,936
15,392
8,014
19,976
37,608
39,575
27,813
41,961
58,813
% of Brazil
2.5
5.0
7.7
6.7
6.9
8.6
9.8
5.9
4.6
7.8
5.2
4.7
2.8
Source: ANP | Elaboration: Industry Observatory/Findes
Constant values - IPCA [National Extended Consumer Price Index] accum. Jan-Dec 2022
$1.0
billion
USD FOB
was exported by the oil
and natural gas industry of
Espírito Santo
3.3. External sector
The oil and natural gas industry of
Espírito Santo exported USD 1.0 bil-
lion in 2022, 4.0% higher than in the
previous year (chart 27). The total
exported by the sector in the state
represented 1.7% of the sector's
foreign sales in the country and
11.4% of the state's total foreign
sales. Among all the sectors of the
state of Espírito Santo, the oil and
natural gas industry was the third
sector with the highest exports,
behind only the sectors of metallic
mineral extraction and metallurgy.
Chart 27 - Oil exports in Espírito Santo (in USD million FOB) and share of oil exports in total
exports of Espírito Santo (in %)
Exported value (USD million)
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
2010
2011
2012
2013
2014
2015
2016
2017
Total exported oil
and gas sector
Participation in the
total exported by the state
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
Participations in the total exported by ES ()%
Source: Ministry of Development, Industry, Commerce and Services | Elaboration: Industry Observatory/Findes
The foreign sale of crude oil to-
taled USD 970.4 million, 93.1% of
the total exported by the capix-
aba oil and natural gas sector in
2022 (table 5). In the transition
from 2021 to 2022, crude oil ex-
ports registered a drop of 1.8%
explained by the reduction in
production in the state. The des-
tinations of capixaba crude oil
were: Malaysia (77.0%), Singapore
(8.9%), India (5.8%), Sweden (5.1%)
and the Netherlands (3.2%).
Exports of coke and petroleum
products totaled USD 70.8 mil-
lion, 6.8% of the total exported
by the local oil and natural gas
sector in 2022 (table 5). In the
transition from 2021 to 2022, the
export of coke and petroleum
products registered an increase
of 496.1% explained by the in-
crease in foreign sales of fuel
oil to Singapore. The main des-
tinations of coke and petroleum
products from Espírito Santo
were: Singapore (99.8%), Mal-
ta (0.11%) and Marshall Islands
(0.08%).
Finally, exports of the products
that make up the petrochemical
segment totaled USD 1.4 million,
0.1% of the total exported by the
capixaba oil and natural sector
in 2022 (table 5). Between 2021
and 2022, the export of petro-
chemical products registered a
drop of 40.9%, mainly explained
by the reduction in sales of fluo-
rinated polymers to France. The
main destinations of petrochem-
ical products were: Argentina
(73.9%), Uruguay (17.0%), Para-
guay (4.7%) and Mexico (0.8%).
11.4%
of Espírito Santo's total
foreign sales are from
the oil and natural gas
industryView entire presentation