Brazilian oil industry gets support from new congressional caucus

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SaltWire's Atlantic regional weather forecast for October 26, 2023 | SaltWireBRASILIA - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River.

President Luiz Inacio Lula da Silva's cabinet is divided over drilling in the region. The Mines and Energy Ministry favors drilling, but environmental officials have blocked it. Pazuello said the caucus will work in the interests of energy producers and distributors, along with hundreds of oil and gas equipment and service providers, including foreign firms such as Norway's Equinor, the second-biggest operator in Brazil after Petrobras.

 

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