Abstract

ALVES, Jorge A. B.  and  POLETTE, Marcus. Political, economic, and institutional aspects of oil and gas exploration and production in Brazil. Am. Lat. Hist. Econ [online]. 2021, vol.28, n.2, e1168.  Epub July 06, 2021. ISSN 2007-3496.  https://doi.org/10.18232/alhe.1168.

The study takes an economic, political and institutional approach to oil and gas exploration and production in Brazil from the precursor explorations that took place in the Brasil Império to the discovery of pre-salt layer. The conjunction of three recent episodes (the severe economic recession of 2015-16, the fall in oil prices and Operation Lava-Jato) have produced serious instabilities in the oil sector. However, changes in the regulatory framework since 2018 and the reduction of the State’s presence in the economy leveraged investments in the sector that will contribute to finance the country’s economic growth. Also, the oil sector in Brazil still has a lot to grow, since less than 5% of the sedimentary area is contracted.

Keywords : oil; gas; Brazil; Petrobras; pre-salt.

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