The participation of the private sector in the exploration of Brazil’s new oil finds is considered

The participation of the private sector in the exploration of Brazil’s new oil finds is considered

a

equivocal, as Brasília has decided against limiting the participation of private companies in all oil production.

b

undesirable, since the government will definitely eliminate all concession contracts with foreign companies.

c

troublesome, since the government task force has decided that private operators need not distribute revenues from subsalt production.

d

unnecessary, due to the concessions to be denied to seven international companies for the development of the subsalt region.

e

unresolved, because the Brazilian government is still unsure about the degree of participation that private partners should have in this new business.

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