Brazil - 03

Brazil: Imminent Executive Decree to Add Flexibility to Local Content Policies

In recent days several local media sources have reported that the Rousseff administration is preparing an executive decree that will make oil sector local content policies more flexible. Speculation over the changes began after the newspaper Folha de Sao Paulo published a report on 27 October – using material allegedly provided by the Ministry of Energy and Mines – that detailed some of the changes the imminent decree may contain, the most significant of which relate to a loosened definition of what “local content” entails.

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