The Petrobras monopoly and the regulation of oil prices in Brazil
The state oil monopoly in Brazil is exercised by the National Department of Fuels (Departamento Nacional de Combustiveis - DNC - which replaced the former Conselho Nacional do Petróleo - CNP) as the regulator and controller of all oil-related activities, and by Petrobras as the executor of the monop...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1998
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| Summary: | The state oil monopoly in Brazil is exercised by the National Department of Fuels (Departamento Nacional de Combustiveis - DNC - which replaced the former Conselho Nacional do Petróleo - CNP) as the regulator and controller of all oil-related activities, and by Petrobras as the executor of the monopolised activities. The only activities not included in the state monopoly are the wholesaling, retailing and transport by road and rail of oil products. Petrobras is a vertically integrated oil company which has been the sole concessionary company executing the monopolised activities but has also operated in the competitive sector of the distribution activity through its subsidiary company, BR. |
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