By Bruno De Nicola, Contributing Reporter
RIO DE JANEIRO - Last week Lula and his government presented the new model for oil and gas extraction in Brazil, a plan to control the gigantic underwater reserves of the Santos Basin and the entire pre-salt area. Inspired by Norway, Venezuela and Russia, the Brazilian government aims to nationalize all oil revenue by radically changing the current extraction regulation. The new measures shake the market and rouse environmentalists already at odds with Brazil's energy agenda.
According to the new partnership model, which will probably replace the current concession regime, Brazil will be . . .
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