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Brazil collects US$2.4bn in record oil auction

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Thursday, March 29, 2018

The Brazilian government cashed in some 8bn reais (US$2.4bn) in signature bonuses as oil companies acquired 22 of the 47 offshore blocks offered in Thursday's 15th bidding round in Rio de Janeiro. This was the highest amount ever posted for oil concession tenders, superseding the 3.8bn reais achi...

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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.