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Brazil sells off 40 percent of Libra oilfield to...

5 years ago19 views

Brazil has sold the production rights to the largest ever oil discovery following an auction at a beachfront hotel in Rio.

The Brazilian state-run oil company Petroleo Brasilerio claimed 40 percent of the Libra oilfield with France's Total and Anglo Royal Dutch Shell taking 20 percent each.

China's National Petroleum Corp and China's CNOOC picked up 10 percent each.

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http://www.euronews.net/

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