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Brazil auctions 35-year production rights to giant offshore Libra oil area

Monday, October 21st 2013 - 21:41 UTC
Full article 3 comments

Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. The auction in Rio do Janeiro took place amid strict security measures with hundreds of police forces clashing with protestors. Read full article

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