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Brazil’s Government Defends Petrobras’ Pre-Salt Monopoly

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Although media reports have hinted that President Rousseff’s government would be willing to review Petrobras’ exclusive role in exploring the country’s pre-salt oil reserves layers, Mines and Energy Minister, Eduardo Braga, emphasized on Tuesday that the government continues to defend the maintenance of the current legislation when it comes to pre-salt layers, with the state-owned oil giant having at least thirty percent of participation in all operations.

According to Braga this will be the position defended by government allies at the Senate this week in . . .

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