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Rousseff claims Temer intends to “privatize” Brazil's pre-salt oil reserves

Thursday, May 26th 2016 - 06:53 UTC
Full article 10 comments

Brazil's suspended president, Dilma Rousseff, on Wednesday accused interim head of state Michel Temer of intending to “privatize” the oil discovered in recent years in deep waters of the Atlantic Ocean and thus deprive the nation's education sector of funding. Read full article


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  • Tik Tok

    Yee gawds she's stupid, how else will they find funding to develop areas where reserves supposedly are, a bankrupt Petrobras certainly can't develop them. Socialism strikes again.....

    May 26th, 2016 - 06:23 pm - Link - Report abuse 0
  • Hepatia There is no point to development unless Brazil gains a benefit. That's the point!

    May 27th, 2016 - 12:58 am - Link - Report abuse 0
  • golfcronie

    I agree that Brazil should get the benefit, but it did not happen under Dilma as we can now see with all the corruption scandals in Brazil. The only people that benefitted were the politicians and their hangers on, not the ordinary citizens. Without creating wealth you cannot fund the social projects going forward. Too many people got their hands on the pie.

    May 27th, 2016 - 08:25 am - Link - Report abuse 0
  • Frank

    @2.... Privatising it doesn't mean you just give it away.... The operator of the field bares the cost and takes the risk. For their trouble they get a percentage of the rewards... the government sucks up the rest in royalties. Strange how some don't understand how this works.

    May 27th, 2016 - 04:19 pm - Link - Report abuse 0
  • Terence Hill

    ”Impeachment of Brazil's Dilma Rousseff is a setback for the whole country By Sarah Roure
    We have learned that after two years of strong resistance by the rural and forest-dwelling quilombola communities in the Amazon (supported by Christian Aid’s local partner CPI) against boxide mining on their land, the governmental department IBAMA has authorised the mining company to go ahead with the study and start mining on the quilombola’s lands, a move that violates the constitution. Additionally, CPI is being sued by a big land owner for speaking out against his involvement in violent acts against quilombolas communities”

    May 27th, 2016 - 06:12 pm - Link - Report abuse 0
  • Brasileiro

    During the last two presidential elections this matter was discussed at length. And the private exploitation of pre-salt project was rejected. The government already has the answer of the people!

    Outside interests to the will of the people surrounding the coup government.

    May 28th, 2016 - 12:47 pm - Link - Report abuse 0
  • Tik Tok

    Except Brasshole #6 the Government is not your Government any more, go crawl back down your insignificant hole

    May 28th, 2016 - 07:18 pm - Link - Report abuse 0
  • golfcronie

    Read post 4 again as you obviously do not understand it.

    May 29th, 2016 - 06:40 am - Link - Report abuse 0
  • Brasileiro

    US oil companies are corrupt and corrupt politicians and civil servants to rob the people. This happened in Ecuador where two international audits have shown that Chevron reported a production 30% lower than the actually extracted.

    In addition, there is an interest in finding the technology used in oil exploration in deep waters for Petrobras. When the Americans dominate the technology (for free) they will use in Alaska and the Gulf of Mexico without paying royalties for the use of this technology. Because they do not respect patents if those patents are not theirs.

    We are fighting corruption and we have go a long way in the pre-salt road. Our oil and gas industry is still not competitive enough to compete with the giants Seven Sisters. But we want our path to be trodden by ourselves without interference.

    May 29th, 2016 - 01:19 pm - Link - Report abuse 0
  • Hepatia So, like BHP in MG.

    Or, as seen in the US, British Petroleum in the Gulf. Yes, I think we can all understand what Temer has in mind

    May 30th, 2016 - 01:10 am - Link - Report abuse 0

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