By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – To attract investments and manufacturers of subsea (offshore, underwater) equipment the government of Rio de Janeiro launched last week a project, dubbed the "Cluster de Subsea", to guarantee supply of local demand and the gradual substitution of imported equipment by those to be manufactured in Brazil.

The project, a partnership between the state government, ONIP (Brazil’s National Petroleum Industry Organization) and Brazil’s Ministry of Development, Industry and Trade (MDIC), hopes to bring together foreign suppliers already operating in Brazil and new manufacturers interested in installing factories in the . . .

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