11:57 GMT +326 June 2017
Live
    Rosneft pavilion at the SPIEF Investment & Business Expo at the St. Petersburg International Economic Forum

    Russia's Rosneft Has Good Chances to Obtain Oil Production Licenses in Brazil

    © Sputnik/ Maksim Blinov
    Business
    Get short URL
    0 19521

    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 Sputnik.

    MOSCOW (Sputnik) — 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 Sputnik that Rosneft could participate in an offshore fields' auction that could take place later in the year.

    Related:

    Brazil's Petrobras Shrugs Off Scandal, Rounds Off 2016 With Record Oil Output
    Brazil's Petrobras Signs $5Bln Financing, Oil Deliveries Agreements With China
    Mexico May Hike Oil Output to 2.9Mln Barrels Daily Surpassing Venezuela, Brazil
    Tags:
    Rosneft, Brazil, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment