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Brazil's Petrobras: Not Dead Yet

By Christopher Lenton

After years of financial uncertainty, the Brazilian oil giant is back from the brink – and beating regional competitors.

This article is adapted from AQ's print issue on peace and economic opportunity in Colombia 

We’ve all read the headlines: Petrobras, Brazil’s state-run oil company, has in recent years become a byword for dysfunction and corruption, the epicenter of the so-called Car Wash scandal that saw at least $5 billion pilfered from its coffers.

So – how on earth did Brazil recently surpass both Venezuela and Mexico to become Latin America’s top producer of...

Read this article on the Americas Quarterly website. | Subscribe to AQ.

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