Since state energy company Petrobras announced in 2007 it had discovered massive light oil reserves off Brazil's southern coast, talk has swirled that the government would take greater control over the oil wealth.
President Luiz Inacio Lula da Silva is considering whether to create a new state-run oil company to manage oil production from new "subsalt" reserves, but foreign oil firms like Royal Dutch Shell Plc will still have a major role in production.
Source: FOCUS Information Agency
