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General Interest — Quick TakesBrazil plans oil law changes, oil management firmBrazil’s Mines and Energy Minister Edison Lobao plans to propose to President Luiz Inacio Lula da Silva the creation of a new state-run firm that would manage oil discoveries made in recent months in the subsalt layer of the Santos basin.Lobao, who is responsible for developing a new model for oil exploration, is scheduled to present a study on the matter within 60 days, according to a report in Valor Economico business newspaper.The paper reported that Lobao—after considering suggestions received in recent weeks—is convinced that the best solution for the country is to adopt a production-s...

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