Between 2012 and 2014 at the state oil company recorded the highest peaks in costs. Production ranged from $ 30.46 to $ 29.28 per barrel of oil. A price of $ 16.96 was reported in May 2017 with and a projection of $ 19.10 for the rest of the year.
The bidding is done through financing agreements with foreign companies, allowing a better management of Petroamazonas’ budget. The payment will be made with production sales of the ITT fields. “Not with oil,” the minister emphasized. (I)