An in Depth Look at the Proposed Legislation of Brazil’s PreSalt Reserves

Brazil: Trailblazing the Hydrocarbon Frontier  This paper was commissioned by the Centre for Strategic and International Studies’ (CSIS) Energy and National Security Program in Washington DC. This and other points of view on the development of Brazil’s energy sector were discussed at a recent workshop Governing Brazil PreSalt Oil Resources

Throughout its history Brazil has sought to balance its pursuit of energy security with a sense of pragmatism and strong nationalistic tendencies. The pursuit of energy security galvanized the 1950’s constitutional debate and led to greater state control over most aspects of the hydrocarbon fuels sector and the creation of – Petróleo Brasileiro S.A. (Petrobras). The creation of the state oil company as an enterprise obliged to follow commercial legal requirements, instead of a state company insulated from market forces, was the first indication of the pragmatism that has come to define Brazil’s approach to energy resource management. Read the rest of this entry >> 


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