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Brazil Opens Offshore Oil Fields to Companies Other Than Petrobras

By Sabrina Valle and Samy Adghirni (Bloomberg) — Brazil’s Congress voted on Wednesday night to open up its pre-salt oil fields to foreign investors by scrapping Petroleo Brasileiro SA’s obligation to be the area’s sole operator. The legislation was approved by a 292-to-101 vote, following a bad-tempered debate during which opponents, many dressed in the orange […] The post Brazil Opens Offshore Oil Fields to Companies Other Than Petrobras appeared first on gCaptain.
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