The pre-salt auction that took place today in Brazil was the dream of neoliberals who are in charge of the country's economy. Despite every announcement made, the lion was a resounding failure. Atapu camp did not even receive an offer.
The Brazilian government announced that it expected to raise more than $ 100 billion reais. However, in the end, the government only managed to get only $ 69,9 billion, which was received with great frustration.
The poor performance of the auction was not well received by the Brazilian financial market. One of the main developments of the fiasco was the dollar soaring and hitting the R$ 4,08.
The failure of the auction was therefore very badly received by the Brazilian financial agents. After the lion, in addition to the rise of the dollar, future interest rates also rose.
Petrobras, a Brazilian state-owned company, bought 100% of a block and 90% of the largest one on the auction in partnership with Chinese state-owned companies CNODC and CNOOC.
It is very paradoxical that the auction made by a neoliberal government was dominated by Chinese communist companies and a Brazilian state-owned company.
The auction denied analysts that were saying that the pre-salt would be sold for a very low price. That did not happen simply because no multinational (BP walks Total) wanted to participate in the auction. The auction also denied those who were saying that this auction would be a kind of resurgence of Brazil's economy. At the end of the story, most of the auctioned oil went to Petrobras and the rest went to China.
