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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s Chamber of Deputies concluded on Wednesday the approval of a bill which changes the pre-salt oil exploration rules in the country withdrawing the requirement of a 30 percent participation by state-owned oil giant, Petrobras, on all exploration projects undertaken in the country. The final approval, that came after the rejection of suggestions by delegates from the opposition, however, did not please all representatives.

For Representative Jorge Solla the bill represents a Subscribe to our Premium Membership Plan. Already Subscribed?