Written by: Mark Routt
Brazil is currently going through a period of national self-reflection. The country’s economy is faltering, a significant corruption scandal is unfolding, political instability has increased and an impeachment process is now underway. The energy industry is facing major challenges to generate positive returns for its shareholders.
Brazilian refiners urgently need to operate their assets in harmony with the marketplace and take advantage of nearby crude production that should be available at a relatively low cost.