IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Aug 2017 | Removal date: 21 Aug 2018
Still in force

State loan

On 21 August 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 79 million (USD 25 million) loan allocated to the local exploration and production company Parnaíba Gás Natural S.A. The objective of these resources is to finance a monobore project (a special well) in the Parnaíba Basin.

The repayment deadline for the credit has been set up on 21 August 2018.


FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas

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