Brazil to reclaim sub-salt oil exploration blocks awarded in 2006 auction

Friday, September 2nd 2011 - 08:23 UTC

Full article 1 comment

Brazil's government will reclaim promising oil exploration blocks won by companies in a bidding round five years ago but never formally leased to the winners, the country's energy minister Edison Lobao said. Read full article

Comments

Disclaimer & comment rules

GeoffWard2
I guess now, when the hammer goes down at auctions all over the world, the seller can now say “Sorry, I was only joking”.

Remind me never to buy a house at a Brasilian auction.
Sep 04th, 2011 - 01:22 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!