Tuesday, August 18, 2009

Brazil Hires Petrobras, Limits Dependence on Foreign Oil

Brazil says it is looking to be more self-sufficient when it comes extracting oil from under coastal waters, after relying for decades on foreign oil companies for help.

But the government now says that it wants the national oil company, Petrobras, to control all future development of the deep-sea fields discovered in 2007 - which international...

Visit Clean Skies for the full story.

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