Instead of competing, they are trying to team up with the companies that are coming in, which is very smart. Efromovich believes that Petrobras will no longer have to operate under bureaucratic restrictions which currently oblige it to pay over the odds in public tenders. The public tender law sometimes makes no sense at all -- for us or for Petrobras, he says.
Petrobras plays it smart to plan for the future
Petrobras and Brazilian contractors will benefit from greater freedom in the country's market, according to a leading Brazilian offshore contractor. Petrobras is playing very intelligently today, says Maritima president German Efromovich.
16 August 1997 0:00 GMT
Updated
16 August 1997 0:00 GMT