Nearly four years after its launch, Brazilian state-run entity PPSA is preparing to turn Brazil’s pre-salt riches into revenue, by hiring a trading agent to market the oil flowing from production sharing contracts, writes Fabio Palmigiani.
PPSA expects to issue tenders in the fourth quarter of 2017 to select a trader to market the light pre-salt crude for a three-year period, starting in the second half of 2018.
