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Policy & Regulation

Petrobras’s monopoly being gradually tailed off

The domestic monopoly of the Brazilian NOC is being slowly broken up, allowing new entrants to gain footholds in the supply chain The domestic monopoly of the Brazilian NOC is being slowly broken up, allowing new entrants to gain footholds in the supply chain.
By Elena Mataro 1 August 2019 Americas / Policy & Regulation 0 34448
The headquarters of Petrobras. (Petrobras)

The key issue: Petrobras will no longer be allowed to buy gas from its joint venture partners or other producers from 2021 as part of an agreement reached with the Brazilian antitrust authorities under which the state company will give up its monopoly control of the gas market.

Interfax analysis: Petrobras’s commitment to surrender its position as the only supplier of gas in Brazil – and in particular the ban on it buying volumes from its E&P joint venture partners – has been broadly...