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SOUTH AMERICA

Petrobras upbeat on 2016

PETROBRAS has made a new oil discovery in the Espirito Santo Basin, an auspicious omen for the st...

Haydn Black

The move comes as ratings agency Fitch reviewed Petrobras' rating and moved it from BBB- to BB+, with a negative outlook. The BM-ES-23 concession is located 115km off the coast of Espirito Santo...

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