Brazil wants Russian investment in energy sector
South America’s largest economy is aiming for more cooperation with Gazprom, according to its ambassador
© Getty Images / Christian Adams
Brazil is seeking investment in its energy sector from Russian gas major Gazprom, the country's ambassador to Russia, Rodrigo de Lima Baena Soares, has revealed.
“We have a new legal framework for the Brazilian gas sector, we expect investments from Gazprom in Brazil so that we have a serious presence of a large Russian company,” he told RIA Novosti at the Prodexpo exhibition on Thursday.
According to Brazil's National Confederation of Industry, foreign investment in the country could reach about $29 billion by 2030 thanks to the new law.
Both BRICS member states, Brazil and Russia have been strengthening energy relatio...










