The EI library in London is temporarily closed (re-opening on 1st June at the earliest), as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via, and is available for live chats on this page during working hours (09:15-17:00 GMT). Our e-library is always open for members here:, for full-text access to over 200 e-books and millions of articles. We are sorry for any inconvenience.

Brazil’s oil licensing round falls flat

Brazil only secured $17bn out of the hoped for $26bn in fees being sought by the government in the country’s latest licensing round, according to media reports.

President Bolsonaro is striving to boost Brazil’s oil production and reportedly wants to join OPEC. However, international bidders were said to have been deterred by high fees, as well as the requirement to work with state-owned Petrobras.


News Item details

Please login to save this item