Insight

Brazilian election could open door to favourable oil policy shift

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Brazil’s 2014 presidential election is being hotly contested and will require a second round of voting on 26 October. Its outcome will dictate the pace of much-needed reform in Brazil’s oil industry, which has lost its lustre in recent years - weighed down by burdensome regulations, project delays and a lack of new opportunities. Economic necessity should force an improvement in investment climate under the next government, but the nature of change will depend on who wins the presidency.

Table of contents

  • Executive Summary
  • Brazil loses its lustre
  • Too close to call
    • Operatorship of the pre-salt
    • Local content obligations
    • Future licensing rounds
    • Environmental regulations
    • Price controls
    • Simplifying the tax system
  • Conclusion

Tables and charts

This report includes 5 images and tables including:

  • Brazil's quarter-on-quarter GDP growth, Q1 2008 to Q2 2014 (%)
  • First round poll ratings (%)
  • Second round poll ratings, Rousseff vs. Silva (%)
  • Brazilian oil production, 2005 - 2014 (million b/d)
  • Petrobras' 2014 share price (Real) compared with poll ratings of Dilma Rousseff (%)

What's included

This report contains:

  • Document

    Brazilian election could open door to favourable oil policy shift

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