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Economy & Business - August 2008 (ISSN 1741-7430)

OIL: More discoveries in Brazil

On 7 August Brazil's state oil company Petrobras announced fresh oil discoveries. Following a flurry of new offshore discoveries since late last year, Brazil is well on its way to becoming a major oil exporter. The question is whether there will be pressure on the government to change the rules of engagement for future exploration and development contracts.

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