Brazil Auctions Oil Blocks Under Environmental Dispute ...Middle East

OILPRICE - Economy
Brazil Auctions Oil Blocks Under Environmental Dispute
source : OILPRICE ( Middle East ) () 76
Brazil’s oil industry watchdog has scheduled an auction for drilling rights in an area where environmental authorities have put up serious opposition to any drilling, Bloomberg has reported, noting Brazil’s state-owned energy major Petrobras has been unable to tap the resources in that area because of that opposition. The tender, to take place on June 17, will include 173 blocks in northeastern and southern Brazil. Of this total, 47 blocks are located in the Fox do Amazonas area where Petrobras has been trying to drill for a couple…

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