What is the Brazilian Equatorial Margin? And why does it matter to the oil industry?
After the Brazilian environmental authority Ibama rejected a request to drill an oil well in an area that is dangerously close to the mouth of the Amazon River, the issue has become a pressing one within the government. In this video, we explain what the so-called 'Equatorial Margin' is and outline the different interests of oil giant Petrobras and the Brazilian government.