Antitrust probe targets Petrobras gas activity

Brazilian antitrust authorities have launched an investigation of activity by state petroleum firm Petroleo Brasileiro SA in Brazil's natural gas sector. Until 1997, when new legislation ended the state firm's 43-year-old monopoly over the nation's petroleum sector, no antitrust issues would have arisen. Investigation The Administrative Council for the Defense of the Economy (CADE), the antitrust regulatory board of the Brazilian Treasury, and the National Petroleum Agency (ANP) are investigating all Petrobras actions related to the natural gas market. These agencies allege that Petrobras is interfering with the competitiveness of Brazil's gas sector, w...

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