The government has increased state presence, particularly in pre-salt blocks, which must be operated by Petrobras. The NOC dominates all aspects of the industry but the ongoing corruption probe could leave it weakened. The oil and gas sector is hampered by burdensome regulations - including stringent local content targets - excessive bureaucracy and complex indirect taxes. Civil unrest could increase if the economy continues to suffer.
This report includes 2 file(s)
- Brazil risk profile PDF - 1.26 MB 25 Pages, 3 Tables, 8 Figures
- Research methodology country and asset risk.pdf PDF - 251.22 KB