Striving to become global power, Brazil grips Control over Oil Fields - Instablogs
Striving to become global power, Brazil grips Control over Oil Fields
Angelo , Brasilia: Aug 19 2009
Made Popular Aug 19 2009
Brazil :
Faced with the world’s most important oil discovery in years, the Brazilian government is seeking to step back from more than a decade of close cooperation with foreign oil companies and more directly control the extraction itself.
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Tags: Brazil, Oil, Brazil oil reserve
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Avadhut
1 Stars
Avadhut Aug 19 2009
Calicut, India
It's a right move by the Brazilian government. National resources should be used by the government for the welfare of its citizens and private players shouldn't be allowed to exploit these resources for their personal profits. Indian government should learn from the Brazil and act accordingly in case of Godavari basin gas resources.
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