duminică, 7 noiembrie 2010

Brazil’s Rousseff may extend state role in oil, mining





















Noul presedinte ales al Braziliei va continua politica economica a predecesorului sau in ceea ce priveste rolul statului in economie. Cele mai importante schimbari sunt asteptate in ceea ce priveste schimbarea modului de exploatare al vastelor resurse de petrol ale tarii de la cel curent bazat pe sistemul de concesiune catre un model bazat pe exploatarea in comun a resurselor. Acest din urma model este preferat de tarile din Orientul Mijlociu. Este de urmarit care va fi pozitia Braziliei la reuniunea G20 din aceasta saptamana fiind cunoscute pozitiile transante ale ministurlui de finante brazilian in ceea ce priveste politica monetara a Federal Reserve








Amplifyd from www.marketwatch.com




















Brazil’s Rousseff may extend state role in oil, mining





















LOS ANGELES (MarketWatch) — Brazil’s new president-elect Dilma Rousseff is widely expected to follow in her predecessor’s path of economic expansion but the former energy minister may extend government influence over the resource sector, analysts say.





















Rousseff, who is taking the helm from President Luiz Inacio Lula da Silva, may also expand upon recent efforts to fight currency appreciation as she wraps up unfinished business from her popular mentor’s administration.





















She’s inheriting one of the world’s most sought-after global investment locales as Latin America’s largest economy has booked several years of economic growth. Read more about Rousseff's election.





















In that regard, Dilma could continue on the trend of Lula’s “conciliatory” leadership style, said Goni, or she could return “to her initial steps in politics, which were much more left-wing from an intellectual point of view and an activist point of view, and there are many pockets in Brazil where [that viewpoint] could still be appealing.”





















While emerging-market analysts at RBC Capital Markets don’t expect a major shift from Lula’s policy direction, they do expect “a further deepening of the ‘state-directed’ interventionist model developed over the past eight years that has become very popular with the populace,” they said in a note last week.





















Rousseff, who served as Lula’s chief of staff, oversaw legislation that stands to give Brazil a heftier stake in the development of what’s poised to be the country’s lucrative offshore oil fields in what’s known as the pre-salt region. The deepwater area runs roughly 500 miles along the country’s Atlantic coastline.





















The government already this year ramped up its stake in Petrobras as Brazil aims to become one of the world’s major oil exporters. As part of Petrobras’ $224 billion investment program, the government granted Petrobras the rights to develop 5 billion barrels of oil equivalent from offshore fields in exchange for $42.5 billion in new shares. The company also raised about $70 billion from what’s now the world’s largest sale of shares.



















Brazil would switch from the current concession model – under which independent oil firms pay royalties and taxes on the oil they produce – to a production-sharing model that’s generally used in the Middle East.


















Brazil would create a new state-run holding company to manage the pre-salt blocks, and Petrobras would have at least a 30% interest in any development consortium, and act as the lead operator.





Read more at www.marketwatch.com
































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