OIL AND GAS
Does Brazil want a go at Venezuela’s oil fields?
Petrobras’s P-78 oil platform for deepwater exploration. Photo: Ag. Petrobras
The US military capture of former Venezuelan President Nicolás Maduro was about oil, in Donald Trump’s own words. Now it seems Brazil wants in on the action as well.
President Luiz Inácio Lula da Silva could raise the subject of oil drilling in Venezuela during a visit to the White House scheduled for March, where he will meet with Trump. CNN Brasil reports that the Lula administration could request permission for Brazilian state-controlled firm Petrobras to re-enter the neighboring country — potentially acquiring equity in local Venezuelan projects in exchange for…
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