Rousseff to Fight to Keep Subsalt Oil Production Sharing
Brazilian President Dilma Rousseff said on Thursday she will "fight to the end" to maintain Brazil's oil production-sharing regime in its offshore Subsalt Polygon area.
In the wake of a corruption scandal, Petroleo Brasileiro SA's large debt and weak financial position limit its ability to meet a requirement it finance a minimum 30 percent of all new subsalt projects and run them as formal operator, reducing the chance the giant resource will be developed, critics say.
(Reporting by Anthony Boadle)
February 2025
