Brazil’s oil-exploration and local-content policies harm oil producer Petróleo Brasileiro SA and the nation as a whole, a government-appointed member of the state-run company’s board said on Tuesday in a rare show of board-member independence.
The comments were made by Roberto Castello Branco, who was named earlier this year by President Dilma Rousseff’s administration to be one of the government’s seven representatives on the board of Petrobras, as the company is known.
Brazil Energy Insight 
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