U.S.-based oil company Anadarko has put its plans to sell some of its assets in Brazil on hold, failing to attract a high enough price as interest in the country's oil sector has waned, the Financial Times reported in July. Brazil has not sold new offshore permits for about five years, and state oil company Petrobras has had difficulty in meeting targets for increased production. High local content requirements and perceived political interference have also hampered investment and production, according to government critics. How much has the previously intense excitement about Brazil's oil sector cooled? What are the primary factors that account for the drop in investor interest? What should the government be doing to improve the regulatory and investment environment?
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Inter-American Dialogue's Latin American Energy Advisor. "What accounts for the erosion of interest in Brazil's oil sector?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/191