* Oil law changes to go to Congress in next 2 weeks--Lula
* Laws aim to regulate vast sub-salt oil reserves
* Funds to fight poverty, help education, science--Lula
(Updates with details of what Lula wants law to do)
BRASILIA, Aug 18 Brazil's government will send
to Congress in the next two weeks its proposed changes to oil
laws aimed at regulating the exploration of vast sub-salt oil
reserves, President Luiz Inacio Lula da Silva said on Tuesday.
The government proposal is expected to boost the role of
state-run Petrobras (PETR4.SA) (PBR.N) in the development of
the off-shore reserves, which have drawn the attention of the
world's biggest energy companies.
"Next week, or the week after, we will send the law
regulating (the sub-salt reserves) to Congress, and we will be
able to transform this country," Lula said in a speech at an
inauguration of public works in the state of Rio de Janeiro.
Part of the resources would go to projects aimed at
eradicating poverty, promoting education and boosting science
and technology, he said.
"We will create a fund ... so that we can solve three
things in this country," Lula added.
Lula wants to increase state control over the sub-salt
fields, create a state fund for oil wealth and found a new
state-run energy holding firm. [ID:nN05240759]
His proposal to Congress will likely include additional
measures to give Petrobras the upper hand in future rounds of
bidding for the deep-sea deposits, which are believed to
contain billions of barrels of oil.
(Reporting by Isabel Versiani; Writing by Ana Nicolaci da
Costa; Editing by Carol Bishopric, Gary Hill)