News
06 November 2019

Huge Brazil oil round disappoints as only Petrobras and Chinese bid

In:
Oil & gas
Region:
Americas

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government. Brazil's state-controlled oil firm Petrobras and Chinese state firms...

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