Brazil 6

Brazil: Oil Sector Reform Bill Approved: Implications for Petrobras

On the evening of 9 November the Chamber of Deputies issued the last step in approving the long-awaited oil sector reform bill, which drops the requirement that Petrobras operates and owns a minimum 30% stake in all pre-salt fields. Though the bill’s main text had already been approved last month, proposed amendments to it were still pending. The Workers’ Party (PT), in a largely symbolic act, had tried to reintroduce the previous obligation that Petrobras operates all fields.

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