Brazil Has Oil, Sort of

Brazil Has Oil, Sort of

Post on June 9, 2014, 3:00 pm by the-victoria-law-group 1 Comments

Brazil’s efforts to become one of the world’s major oil producers have attracted businesses such as U.S. drilling giants Halliburton and Baker Hughes, gained it partnerships with oil companies from India and China, lured immigrants from idyllic Norway and drawn investment dollars from American pension funds in Florida, South Carolina and California.  However, so far, it has also brought scandal, delays, and accusations of corruption.

As a Brazil fan, you hope that Brazil will one day get it together.  But, with disappointing reviews leading up to the World Cup, poor execution on multiple opportunities, and crime and corruption still leading the news, one wonders if it’ll happen in my lifetime.

Read Vinod Sreeharsha’s Miami Herald article here:

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Filed Under: Business in Brazil

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