Brazil - 04

Brazil: Indications of Local Content Changes

According to an article published in newspaper O Estado de Sao Paulo on 26 August, Marcio Felix, the secretary of oil and gas in the Ministry of Mines and Energy, stated that the Brazilian government will soon reduce local content requirements for companies operating in the oil and gas sector. “There will not be exploration without local content demands, because that doesn’t exist in any country,” Felix reportedly said, “but we will adjust the situation.”

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