Brazil far-right candidate could revise pre-salt oil contracts: report

Brazil’s far-right presidential front-runner Jair Bolsonaro could revise the country’s model of production-sharing contracts in its coveted pre-salt oil fields if he wins this month’s election, newspaper Valor reported on Monday.

The poll leader ahead of the Oct. 28 run-off vote could also end overseas financing by state development bank BNDES, Valor reported, citing unnamed campaign sources, as Bolsonaro looks to overhaul the country’s state-run entities.

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