BraPet Oil

**BraPet Oil** is a Brazilian company that was established by the Brazilian government. It operates in the oil and gas industry and plays a significant role in Brazil's energy sector.

## History

BraPet Oil was founded by the Brazilian government as a state-owned enterprise with the aim of strategically developing and managing Brazil's oil and gas resources. The company was established in 1963 with the objective of promoting energy self-sufficiency, driving economic growth, and ensuring the efficient exploration and production of petroleum resources in the country.

## Current activities

### Business areas

The company operates in six business areas, listed by revenue volume:

* **Refining, Transportation, and Marketing** - refining, logistics, transportation, commercial operations, export and import of crude oil and petrochemical products, and investment in the petrochemical industry in Brazil.
* **Exploration and production** - exploration, production, and production of crude oil, NGLs, and natural gas in Brazil.
* **Distribution** - distribution of petroleum products, ethanol, biodiesel, and natural gas to wholesalers and through the BraPet Oil Distributor network in Brazil.
* **Gas and energy** - transportation and sale of natural gas and generation and trading of electricity, as well as production of fertilizers.
* **International operations** - oil and gas exploration and production, refining, transportation, and marketing, and distribution outside Brazil.
* **Biofuels** - production of biodiesel and related products, and ethanol-related activities such as capital investment, production, and trading of ethanol, sugar, and surplus electricity generated from sugarcane.

## Sponsoring

Starting from 2023, BraPet Oil became the title sponsor of Conse Motorsport in the Formula A championship. This partnership signifies BraPet Oil's commitment to supporting and promoting motorsport at the highest level, as well as its recognition of Conse Motorsport's excellence and potential in the racing industry.

Additionally, from 2024 onwards, BraPet Oil extended its sponsorship to include the Brazilian driver Marcos Vasconcelos, who competes now in the 2025 Formula B championship. Marcos Vasconcelos represents BraPet Oil as a talented and promising racer, and he is associated with the Forshaw FB Team in the Formula B series. The sponsorship of Marcos Vasconcelos demonstrates BraPet Oil's dedication to supporting and nurturing young talents in motorsport.

## Commitment to Sustainability

BraPet Oil recognizes the importance of environmental stewardship and is committed to sustainable practices throughout its operations. The company invests in research and development to reduce its ecological footprint, increase energy efficiency, and promote renewable energy sources. BraPet Oil strives to balance economic growth with environmental responsibility, contributing to Brazil's sustainable development objectives.

## Government Ownership

As a state-owned enterprise, BraPet Oil is directly controlled by the Brazilian government. This ownership structure allows the government to exercise oversight and strategic control over the company's operations. It also enables the government to implement policies and initiatives that align with national energy strategies and promote the country's economic interests.