A “The drying up of international financing, significantly lower oil prices and the technological and geological challenges (….) make long-term cost calculations difficult.” (lines 7-10).
B “The revised plan for 2009-13 is based on an average oil price of US$42/b and calls for investments of around US$174.4bn, a 55% increase from the US$112.4bn stated in its 2008-12 investment plan.” (lines 14-18).
C “The company has raised US$10.5bn of the US$28.6bn it needs. Of the remaining US$18.1bn, it is set to receive US$11.9bn from the Banco Nacional de Desenvolvimento Econômico e Social” (lines 20-23).
D “Growing difficulties in accessing international capital markets could scupper these plans or—at the very least—sharply raise the cost of borrowing.” (lines 29-31).
E “Brazil’s new oil and gas potential has raised doubts about the extent of that openness in the future, as the government debates the preferred degree of private participation.” (lines 48-51).