Energy Archive

Russian President Vladimir Putin’s deferral in late-October of a planned visit to India, now scheduled to take place in late-December, encapsulates a bilateral relationship buffeted by shifting global geo-economics but still lucrative for both parties. The postponement reflects the fact that euphemisms such as “strategic partnership” do not automatically translate into preferential treatment in commercial matters in a world increasingly driven by interests over ideology and history. A number of unresolved issues had built up on both sides that precluded the possibility of a successful summit meeting. Topping the list is New Delhi’s decision to bring any additional Russian-built reactors […]

Brazilian President Dilma Rousseff recently issued a partial veto for a bill that would distribute a greater share of oil revenues to Brazilian states that are not oil producers. In an email interview, Fernando Antonio Slaibe Postali, a professor of economics at the University of São Paulo, discussed Brazil’s oil revenue distribution policy. WPR: What is at stake in the efforts to craft revenue-sharing legislation in Brazil? Fernando Antonio Slaibe Postali: When the current rules where designed, in the mid-1990s, the revenues involved were small, because oil prices were low and the Brazilian exchange rate was fixed. (Oil royalties are […]