Brazil’s Pre-Salt Auction To Proceed Despite Injunction

The government of Brazil is confident that the auction for its promising pre-salt oil layer will proceed as planned today, after it had appealed an injunction ordering the suspension of the auction issued late on Thursday, Brazilian Mining and Energy minister Fernando Coelho Filho told Reuters. On Thursday, the leftist Workers Party sought an injunction, and a federal judge in the Amazonas state issued an injunction ordering the suspension of the today’s auction. The Workers Party is against foreign firms operating oil blocks and against…

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