Mineral rent, risk sharing and government s benefits in Brazil s petroleum exploration. / Renda mineral, divisão de riscos e benefícios governamentais na exploração de petróleo no Brasil.

AUTOR(ES)
DATA DE PUBLICAÇÃO

2000

RESUMO

The goal of this work is to present a report of the main contributions in the regulation of non-renewable resources, searching to evaluate some of the perspectives about the future of the oil and natural gas sectors in Brazil, which have being the object of substantial institutional changes in the last years. To begin with, we present a historical overview about the idea of Rent along literature, trying to show the particularities of mineral rent. We argue that the way the Government taxes mineral rent, with the purpose of extracting its benefits, has an impact over investor’s risk sensitiveness, possibly leading to a change of investment decision. We search mainly to evaluate under whichc onditions a tax over oil sector is neutral and which possible consequences the new Brazilian institutional model will have over the attraction of investments in exploration.

ASSUNTO(S)

regulação petróleo petroleum mineral rent renda mineral regulation

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