November 6, 2019 / 2:27 PM / 13 days ago

Brazil's Petrobras wins Itapu block with minimum allowed offer

RIO DE JANEIRO, Nov 6 (Reuters) - Brazil’s state-run oil company Petrobras was the sole bidder for the block Itapu, the second one awarded during the country’s Transfer or Rights auction on Wednesday.

The firm won the area with the minimum profit oil allowed of 18.15%. (Reporting by Marianna Parraga and Gram Slattery Editing by Chizu Nomiyama)

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