RealNews

Brazil hopes huge oil discovery will propel it into big league

Brazil was celebrating one of the world’s biggest oil discoveries of recent years yesterday, a huge deposit off the coastline of Rio de Janeiro, which officials claim will take it into the major league of the world’s biggest energy powers. The find at the Tupi field, about 155 miles off Rio, could yield a total of 8bn barrels of light crude and represent 40% of the oil ever found in Brazil. Full Story

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