Oil Majors Go All-In On This Emerging Hotspot

China continued to cement its growing resource relationship with Brazil this week. With reports emerging that a Chinese consortium will bid to construct a 1,100 km, $3.9 billion railway to transport grain from Brazil’s central-west region to the northern port of Miritituba.  But even bigger things were afoot the past few days in Brazil’s oil sector. Where officials pushed through a last-minute judicial scare in order to pull off a historic bid round for offshore rights in the prolific pre-salt play. As…

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