When The State Gets Barrels, Not Just Taxes: Brazil’s Pre-Salt Turns Into A Fiscal Asset

Key Points In October, the federal government’s oil entitlement from pre-salt production-sharing and unitization rose 4% to 181,000 barrels per day, a tangible stream of crude, not a spreadsheet line. Total oil output in production-sharing contracts climbed 8% to 1.54 million barrels per day, driven by two mega-fields—Búzios and Mero—and a key platform’s return. Gas […]