Brazil: Strategic Planning for Pre-Salt

Brazil's legislature has approved measures that will give Petroleo Brasileiro (Petrobras) the resources to capitalize on a large pre-salt oil deposit off its Atlantic coastline. As it prepares to join the global league of major energy producers, Brasilia is also taking measures to give the state more direct access to revenues from the project, ensure Petrobras' continued competitiveness, maintain diversity in Brazil's economy and use the revenues from the oil project to alleviate the country's socioeconomic differences.