Brazil Campaigns for Foreign Investments in Oil Refining

The 'Fuel Brazil' initiative has the objective of creating private-public partnerships in state-owned refineries and attracting new private refineries to the country.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – With the objective of stimulating free competition and attracting foreign investments in the oil and gas sector, the Brazilian government launched the 'Fuel Brazil' initiative on Monday (February 20th).

“It is important that we can open this sector, under a new vision of government, to give competitiveness... It is time to discuss whether we want to be a self-sufficient country or one with a better balance in fuel supply for the future," said Mines and Energy Minister (MME) Fernando Coelho Filho on Monday at an event to launch the . . .

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