President Luiz Inácio Lula da Silva is mentioned in the last paragraph because, according to the

President Luiz Inácio Lula da Silva is mentioned in the last paragraph because, according to the author,

a

he will probably have the final say on the changes of the concession laws for the exploration of the new oil-rich areas.

b

he intends to put an end to programs of exploratory drilling off the southeastern coast of Brazil.

c

presidential elections will be held next year and current contracts will certainly be modified.

d

it is believed that hydrocarbon developments should only start after his presidential term ends in 2010.

e

it is up to the President to decide which companies are reliable enough to partner with Petrobras for subsalt production.

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