Oil industry fears over Brazil's new president seen as overblown

The Oct. 27 landslide victory of Brazilian leftist presidential candidate Luiz Inacio Lula da Silva of the Workers Party (PT) over Sen. José Serra, the ruling party's candidate, at the outset was cause for concern for the oil and gas industry in Brazil. Brazil's President-elect Luiz Inacio Lula de SilvaClick here to enlarge imageBut some industry executives and consultants interviewed by OGJ suggest that the prospect of a left-wing government's impact upon Brazil's petroleum industry may not be as grim as some have warned.Issues of main concern for the Brazilian energy sector under a Lula government include its policies toward the prospect of price controls, simplificati...

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