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Montevideo, September 25th 2023 - 10:23 UTC
Brazil’s newest oil auction is attracting some of the world’s biggest oil majors such as BP, Chevron, CNOOC, ExxonMobil, and Shell, the Brazilian government said on Monday, according to Bloomberg. Read full article
IF the justification to auctions, is to earn greater profits than those due to the Local Brazilian Production; indicates:
- Brazilian Mismanagement [to say the least]
- Better to buy than to produce [if Govt-Managed]
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