RIO DE JANEIRO: Energy Minister Edison Lobão on Friday said Brazil's government is convinced that next month's auction of rights to the Libra offshore oil area will be a success, despite lackluster interest from some of the world's biggest oil companies.
Earlier this week, Brazil's national oil regulator, the ANP, said only 11 companies had agreed to pay the 2.05 million real ($927,601) registration fee. The government had expected more than forty companies to take part.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
