New political crisis looms

摘要

Interest in Brazil's 14th upstream licensing round remains strong, oil regulator ANP says, despite a worsening political crisis that threatens to unseat President Michel Temer. The country's lead prosecutor, Rodrigo Janot, has filed corruption charges against Temer, ratcheting up the pressure on the embattled leader. The indictments are based on a federal police report that says Temer arranged to receive bribes from meatpacking firm JBS in exchange for state-backed loans and preferential tax breaks.