The political economy of local content requirements in the oil sector from Lula to Temer

Resumo

The political economy of local content requirements in the oil sector from Lula to TemerThe oil sector has vast experience with local content requirements, particularly in Norway. In Brazil this policy gained forceduring the Lula administration, but suffered during Rousseff’s administration, especially at the end of her first term. Anattempt to rethink some aspects of this policy in 2015 come too late and under Temer’s government it lost all importance.The objective of this article is to analyze the relative political ease with which this occurred taking into consideration twofactors. First the perfect storm which struck Petrobras from mid-2014 and in 2015 causing a sharp fall in oil prices and theimpact of Lava-Jato, among other factors. Second, the difficulties, which were attributed to this policy, criticized as beingpart of the problem and not of the solution for Brazil´s development challenges. Based on analyses of governmentalmeasures and the positioning of relevant stakeholders we learn that local content policy has been sacrificed in order to attractinternational operators.

Ficha do documento

Tipo

Artigo científico

Ano

2021

Instituição

Universidade Estadual de Campinas

Fonte

Economia e Sociedade

Idioma

Português

Acesso

Não informado

Identificador

oai:ojs.periodicos.sbu.unicamp.br:article/8665611

Licença

https://creativecommons.org/licenses/by-nc/4.0

Abrangência

Brazil, Contemporary; Brasil, Contemporáneo; Brasil; Contemporâneo,

Palavras-chave

Conteúdo local, Petróleo e Gás; Governo Temer; Pré-Sal, BrasilLocal content requirements, Oil and Gas, Temer administration, Pre-Salt, Brazil