Saturday, July 12, 2008

Brazil to Sell Oil Fields at Auction

Brazil will auction oil fields, except for the newly discovered pre-salt areas, authorities said Thursday.

Brazilian Basins

Brazil's National Agency of Petroleum, Natural Gas and Biofuels, a regulatory department for the industry sectors concerning the natural resources, will restart the eighth round of auctions of oil fields, which had been suspended by a court dispute, Minister of Mines and Energy Edison Lobao said.


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