Brazil expanded sea borders to increase control over offshore oil.
Lula da Silva, a pragmatic nationalist
Brazil expanded the offshore area where drilling for crude or prospecting for minerals requires government authorization as it seeks to increase control over natural resources.
Prospecting anywhere on the undersea continental shelf that extends from the South American country’s coast will now require government approval, even in areas that are beyond current sea borders, according to a Brazilian Navy order published in the official gazette of Sept. 3. The continental shelf is the extended perimeter of a continent between the coastline and the oceanic abyss.
President Lula da Silva has sought to increase control over offshore oil resources after state-run Petroleo Brasileiro SA made discoveries such as…READ MORE HERE.