By Maria Lopez Conde, Senior Contributing Reporter

SÃO PAULO, BRAZIL - Brazilian President Dilma Rouseff deemed the opposition's efforts to establish a Parliamentary Commission of Inquiry (CPI) into alleged irregularities at state-controlled Petrobras a "political dispute" this Monday, April 7th. At a speech in Minas Gerais, Rousseff discarded the claims that she approved of the 2006 irregular acquisition of the oil refinery in Texas when she was part of Petrobras' Board of Trustees.

The transaction is currently under investigation by Brazil's Court of Auditors (TCU) and the Federal Public Ministry over suspicions of over-billing and tax . . .

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