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Brazil's oil revolution

Overview

In the 10 years since the end of the Petrobras domestic monopoly on oil and gas exploration and production, Brazil has emerged as one of most promising areas for oil development in Latin America. The International Energy Agency expects it to have the largest production growth of any non-OPEC country in the next five years. Many leading global oil companies are active in Brazil and have promised to invest more there following several recent large offshore discoveries. Thanks to...

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