Brazil enters era of structural reforms

Brazil’s oil and gas sector is poised to undergo structural reforms as new President Michel Temer takes charge Brazil’s oil and gas sector is poised to undergo structural reforms as new President Michel Temer takes charge.
By Abhishek Kumar 1 September 2016 0 24427

Market impact:
Bullish for Brazil’s pre-salt gas production

The impeachment of President Dilma Rousseff on Wednesday brought an end to a prolonged period of political uncertainty in Brazil and closed the 13-year rule of the left-leaning Workers’ Party. The new president, Michel Temer, belongs to the centrist Brazilian Democratic Movement Party and has promised structural reforms in the recession-hit country. The financial markets have been largely supportive of a change throughout the impeachment process, and IOCs are expected to boost investment in Brazil’s oil...

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