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Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

Wednesday, October 16th 2019 - 07:27 UTC
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Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion. Read full article