Economic

Brazil to announce massive offshore oil discovery on Oct. 23

“Brazilian officials plan to announce the discovery of a gigantic offshore oil area near Sergipe state on Oct. 23, a find that could be the country’s biggest outside the massive ‘subsalt’ area off its southern coast, the state government said.

Brazil’s Energy and Mines minister, Edison Lobão, will ‘officially announce the discovery’ during a visit to the state capital Aracaju, a press spokesman for acting governor Jackson Barreto told Reuters on Thursday.”

Source:Brazil to announce massive offshore oil discovery on Oct. 23 | Reuters

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