Will Brazil’s Oil Production Growth Stall Under Lula? ...Middle East

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Will Brazil’s Oil Production Growth Stall Under Lula?
source : OILPRICE ( Middle East ) () 37
Leftist Lula de Silva’s victory in Brazil’s controversial October 2022 presidential election provoked apprehension that many of the investor-friendly oil industry reforms undertaken by previous administrations will be undone. This caused the market value of Brazil’s national oil company Petrobras, which is 36.6% owned by the federal government in Brasilia, to tumble. After Lula assuaged market fears of any major changes occurring to integrated energy, major concerns have emerged that Brasilia will take a more interventionist role…

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