Related Articles
Forward article link
Share PDF with colleagues

Brazil's buyers beware

The country has taken steps in the right direction. But the risks are too great to ignore

Last year total foreign direct investment in Brazil reached a six-year high of $15.4bn. It was one of the strongest signals yet that measures taken by the government could soon pull Latin America's largest economy out of its worst recession in a century. The speedy recovery of Brazil's battered oil and gas industry, though, is less evident, despite important efforts to revive confidence in an industry responsible for more than 10% of gross domestic product. Efforts taken over the past year are significant. State-led Petrobras is no longer the only legal operator of production-sharing concessions in the promising deep water pre-salt area. National content rules for concession-holders are be

Also in this section
Red Washington, greener states
26 June 2017
Market forces will keep hurting coal, strengthening gas and supporting renewables—whatever Trump thinks about climate science
Saudi Arabia gets a new next king
21 June 2017
Mohammed bin Salman will have a free hand as the next Saudi king but faces formidable domestic and regional hurdles. Oil policy is one
Arab oil states: the devil's in Opec's data
20 June 2017
The group's latest figures show Gulf oil states' earnings have plummeted, while the region's population keeps rising