Petrobras Requirement Removed in Brazil’s Pre-Salt Exploration

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The House of Representatives in Brazil approved this week a bill that removes the participation requirement of state-owned Petrobras in all of pre-salt oil exploration in the country. Approved by 292 votes in favor and 101 against, the decision outraged many Congressional representatives who say Brazil would be giving away its petroleum to foreign companies.

“The Temer government and Congress have done the dirty work for multinationals, delivering our pre-salt free of charge,” said Congressional representative Paulo Pimenta of the PT (Workers Party). Pimenta was one of . . .

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