Brazil’s Bolsonaro wants concession model for pre-salt oil auctions: source

A top aide to Brazilian president-elect Jair Bolsonaro said on Thursday the new government would adopt concession contracts for lucrative pre-salt oil auctions, raising concerns that talks to change the regime would drag and derail much-needed investment.

Later, however, Roberto Castello Branco, who Bolsonaro has tapped to lead state-led oil company Petroleo Brasileiro SA said there was no final decision yet on what contracts the new administration would offer in the highly prized deep water oil tenders.

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