Brazil’s oil sector has entered a decisive month in terms of local content as policy makers try to kick-start the country’s stalled industry and lay foundations for more sustainable growth.
The debate has exposed a fault line between industry asssociations, pro-industry officials and trade unions on the one side and oil companies and Finance Ministry officials on the other.
A special committee, involving top officials from several Brazilian ministries, was due to meet as Upstream went to press and was said to be edging closer to a decision on local content rules governing licensing rounds planned for later this year.
The
