Brazil opened the door for a debate on allowing foreign oil companies to operate in a region holding some of the world’s biggest discoveries this century as the state-owned producer struggles to emerge from a graft scandal. Energy Minister Eduardo Braga said for the first time Wednesday that Petroleo Brasileiro SA shouldn’t be forced to operate all fields in the so-called pre-salt region, while adding that now isn’t the time to make changes. “The production-sharing regime needs to be reviewed under the logic that Petrobras should always be the operator when it is in its interest, not an obligation, because we can’t require a company if it doesn’t have the physical and financial capacity,” Braga told lawmakers in Brasilia. “For now, it isn’t the moment or the topic to debate, because I think we are still starting the debate of an area that is extremely voluminous.” The comments come […]