RIO DE JANEIRO, April 17 (Reuters) - Brazil is mulling changes to its set of rules for oil exploration and production, eyeing more taxes, but any shift would apply only to future contracts, Mines and Energy Minister Edison Lobao said on Thursday.
"Concessions can be brought up to date, improved, but we don't want to change the rules of the game already under way. It will be for future (concessions)," Lobao told reporters.
Thursday, April 17, 2008
Brazil Betters Alberta
Brazil respects agreements and contracts; Alberta doesn't. This is specifically referring to the "no grandfathering" aspects of the New Royalty Framework in Alberta. Read it and weep:
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