Grace Fan

Senior Analyst

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Recent Brazil research

* Brazil: Meat gets a roasting in corruption investigation, Elizabeth Johnson, Grace Fan, 24 Mar 2017
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* Brazil: Tremors ahead of Janot’s new list, Grace Fan, Elizabeth Johnson, 10 Mar 2017
* Brazil: Infrastructure agenda gains traction, Grace Fan, Elizabeth Johnson, 23 Feb 2017
* Brazil: Consumer recovery still on hold, Elizabeth Johnson, Grace Fan, 16 Feb 2017

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BRAZIL: Petrobras and subsalt in the political spotlight

Overview

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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