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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
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
Journal title: Petroleum Review
Countries: Brazil -
Subjects: Oil and gas, Exploration and production, Energy policy
