Regulatory News

The 11th round of oil exploration concession will only be held ​​after Congress finishes its voting on projects that change the regulatory framework for the sector. The announcement was made by the Minister of Mines and Energy, Edison Lobao. "This was a decision made by President Dilma Rousseff to avoid any possibility of a legal challenge," he said.

The completion of the round, which will not include areas of exploration in the subsalt, was approved in April last year by the National Energy Policy. Since then it has been waiting for the endorsement of the president.

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