Brazil's president confirms oil profit to go to education On a visit to a shipyard used by state oil company Petrobras on Wednesday, Brazilian President Dilma Rousseff confirmed that royalties from the country's offshore oil reserves will be spent on education and healthcare. The law sending 75 per cent of the profits to education was signed on Monday, and should see 112 billion Reais (around 37 billion Euros) spent over the next ten years. Images and soundbites.