Brazil’s oil industry has not been the source of much good news recently but this week might just go down as one of its best yet.
On Monday, the country’s state-run giant Petrobras managed to raise $11bn in the biggest emerging markets bond issue ever. Then on Tuesday the country pulled in a record R$2.8bn ($1.4bn) in its first auction of licences for oil exploration blocks in five years.
The auction, which attracted oil majors such as BP and Total, also marked the return of Exxon to the country in a partnership with Brazilian billionaire Eike Batista.
'via Blog this'
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