Brazil Oil & Gas Report Q4 2012 - New Market Report Now Available
BMI View: We remain firmly bullish on the long-term outlook for the Brazilian energy sector, with production from the country's pre-salt reserves pushing production to new highs. New licensing rounds in 2013 also present strong upside risks, although at this point they may be outside the scope of our 10-year forecast period. The short-term outlook is more mixed, however, as ongoing regulatory challenges provide reason for some caution. Of these, an unsuccessful resolution to the legal challenges facing Chevron and...
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