Brazil's petroleum prospects bright after successful demonopolization beginning

Five years after the introduction of changes to the Brazilian constitution that led to the opening of the petroleum sector to private investments, the country's energy industry evolution is in full swing: A new regulatory agency has been created, several major and independent oil and gas companies are active in Brazil, and the midstream and downstream sectors are undergoing changes that can be considered a complete restructuring.Changes, however, do not happen in a linear pattern. As could be expected, there are movements forward and retractions, glitches and uncertainties in regulations, and a period of adaptation for all companies that had been operating in the country prior to thes...

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