Brazil's government managed oil corporation Petrobras announced Tuesday that its first oil rig designed to produce extra heavy petroleum went online on Tuesday. The special rig is located in the Badejo field in the Campos basin, off Rio do Janeiro according to a release from Petrobras.
Brazil's industrial output climbed 9.7% in February, the highest in the last four months and the 20th straight gain in year-on year industrial production according to the latest release from the government.
Brazil's oil government managed company Petrobras and government owned Petróleos de Venezuela (PDVSA) signed on March 26 an agreement that sets the bases for the partnership between the two companies for the Abreu e Lima Refinery, in Northeastern Brazil.
Brazilian Armed Forces joined on Monday the fight against dengue fever in Rio do Janeiro Monday setting up three field hospitals to combat an epidemic that has caused 54 deaths in 2008 and has surged to 1.4 new cases each minute.
A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said.
Support for Brazilian President Lula da Silva's administration jumped to its highest level 58%, riding on a strong economy which has helped boost wages and jobs, a public opinion poll showed on Thursday.
Rio de Janeiro state officials admitted on Thursday that the mosquito transmitted dengue epidemic has claimed at least 54 lives January, health officials said Thursday. Hospitals have reported a total of 114 deaths from the mosquito-borne disease, but 60 of those cases are still being investigated.
Mercosur with Venezuela included has the potential of becoming a trade block of the whole of South America said Brazilian Foreign Affairs minister Ceslo Amorim who also insisted that keeping out of the Washington inspired Free Trade Area of the Americas, FTAA, has been positive.
Brazil became in 2007 Spain's second most important trade partner in the region (behind Mexico) and the main destination for Spanish net investments, according to official figures released this week in Madrid.
The merger of the Brazilian Bolsa de Valores de Sao Paulo and the futures Bolsa de Mercaderias & Futuros-BM&F SA confirmed the creation of the world's third-biggest publicly traded securities exchange and the largest in Latin America.