Rosneft to Obtain Oil Production Licenses in Brazil / News / News agency Inforos
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Rosneft to Obtain Oil Production Licenses in Brazil

19.06.2017 14:48

Rosneft to Obtain Oil Production Licenses in Brazil
Context:

Russia’s oil giant Rosneft has "very good" chances to obtain licenses for oil production on the territory of Brazil, Brazilian Ambassador to Russia Antonio Luis Espinola Salgado told journalists.

The ambassador added that Brazil was opened for oil exploration and production by foreign companies.

"Occasionally, there are auctions on blocs of offshore pre-salt oil fields. Apart from such oil fields, there are also auctions on oil reserves 'on firm ground,' where, I think, Rosneft has very good chances," Salgado said.

In October 2016, the National Congress of Brazil passed a bill allowing foreign investors to participate in the development of offshore pre-salt oil fields.

In February 2017, a spokesman of the Russian company told journalists that Rosneft could participate in an offshore fields' auction that could take place later in the year.

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