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World

New Brazil oil round not seen till 2012

BRASILIA : Brazil is not likely to hold a new oil bidding round until 2012, Mines and Energy Minister Edison Lobao sai
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By Muhammad Iqbal
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loberBRASILIA: Brazil is not likely to hold a new oil bidding round until 2012, Mines and Energy Minister Edison Lobao said on Tuesday.

Brazil had hoped to hold the 11th bidding round later this year but the government is still analyzing the exploration and production blocks that are expected to be put up for auction.

 

Copyright Reuters, 2011

 

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