Grace Fan

Senior Analyst

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Recent Brazil research

* Brazil: Cold winds blow on Temer, Elizabeth Johnson, Grace Fan, 22 Jun 2017
* Brazil: Waiting for Janot, Grace Fan, Elizabeth Johnson, 15 Jun 2017
* Brazil: Electoral court hints at 4-3 vote in favour of Temer, Grace Fan, Elizabeth Johnson, 8 Jun 2017
* Brazil: Electoral ‘trial of the century’ on track for quick ruling, Grace Fan, Elizabeth Johnson, 7 Jun 2017
* Brazil teeters on a political cliff edge, Larry Brainard, 2 Jun 2017

See all our Brazil research >>

BRAZIL: Petrobras and subsalt in the political spotlight


Brazil’s Senate formally started a congressional investigation (CPI) on 6 August into accounting irregularities and corruption allegations at Petrobras. The probe likely eliminates any possibility that modifications to the existing 1997 Petroleum Law (in favour of a production-sharing model for new subsalt blocks) could be pushed through a deeply divided Senate before the 2010 presidential election. We believe the Lula administration, fully aware of the futility of this goal, will...

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