Reino Unido – Agência Reuters – 20/11/2009
Brazil’s lower house of Congress approved a law on Wednesday creating a state holding company to manage new projects in the country’s recently discovered “sub-salt” oil reserves.
The creation of the company, called Petrosal, is one of four laws sent to Congress by President Luiz Inacio Lula da Silva aimed at boosting state control over the huge oil reserves.
Lula delivered the package of bills to Congress on Sept. 1 and some elements of the reform are expected to meet strong opposition.
The package of bills includes steps to make the state-run oil company Petrobras the sole operator of new fields with a minimum 30 percent stake in all future projects in the new oil fields.
Under the Petrosal law, members of the company’s administrative council will have four-year extendable mandates and will not be allowed to return to the oil sector within four months of leaving the post. Petrosal will also have to make its finances public on the Internet.