Brazil minister queries Petrobras sub-salt law

摘要

Brazil should reconsider rules that guarantee state-controlled Petrobras a minimum 30pc stake in all future sub-salt projects,energy minister Eduardo Braga says. A change to sub-salt rules could help rejuvenate upstream interest in Brazil before a planned post-salt licensing round later this year.Another auction of sub-salt blocks is not expected before next year.The controversial sole-operator provision,adopted by former president Luiz Inacio Lula da Silva in 2010,has come under scrutiny in recent months as Petrobras grapples with budget cuts and the fallout of a widespread corruption scandal.