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Petrobras and economic policy in Brazil under president Rousseff

08/15/2011

Petrobras is losing ground in oil exploration and growth as economic policies of the Rousseff government focus on lowering unemployment in Brazil. Unemployment in Brazil is at 5.4% in 2013 but growth has slowed sharply to about 1%. Government policy requires Petrobras to buy from Brazilian companies to increase employment. The share price of Petrobras has fallen sharply in recent years down to where its market capitalization in less than the Colombian oil company. Oil production is not keeping up with growth in the economy.

Grouped Articles

Petrobras Investors Feel the Give and Take of Government

Wall Street Journal 04.15.2013

Infrastructure Enthusiasm Builds in Brazil

Wall Street Journal 08.15.2011

Petrobras Pays Price for Being Brazil's Champ

Wall Street Journal 07.08.2013

Brazil Moves to Join Other Major Oil Nations

Wall Street Journal 10.22.2013

Fracking Leaves Brazilian Oil Lacking

Wall Street Journal 10.22.2013

Brazil Seen Having to Alter Oil Rules

Wall Street Journal 10.23.2013

Brazil’s Star, Petrobras, Is Hobbled by Scandal and Stagnation

New York Times 04.15.2014

Brazil’s presidential election: Why Brazil needs change

Economist 10.17.2014

Overheard: The Fall of a National Champion

Wall Street Journal 11.15.2014

Brazil President’s Approval Rating Hits Record Low

Wall Street Journal 06.22.2015

Brazil’s Finance Minister Replaced

New York Times 12.18.2015

Petrobras, Brazil’s Oil Giant, Struggles to Regain Lost Swagger

New York Times 03.26.2013


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