Country Risk & Threat Advisory Briefing: Brazil

When the subject of Brazil dominates any conversation, one’s senses are awakened – tuning in to vibrant carnival colours, breath-taking waterways, the scent of coffee beans, the rhythmic sound of the samba, and deep base drums.  The mysteries of the Amazon Rainforest, its indigenous people, and its flora and fauna inhabitants have drawn adventurers and scientists alike, to explore its wonderment from all over the world. Brazil is an industrious country which has not yet reached its full potential, especially within their natural resources sector. During 2020, Brazil had 12tn cubic feet (TCF) of proved natural gas – the third largest amount in Latin America (behind Venezuela and Argentina). Her oil reserves in 2021 were recorded as the second largest in the region with 12.7bn barrels; but she has much more potential for growth under the right conditions. Venezuela by comparison rocked 304bn barrels during 2021.

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