Browse
related articles
Aramco eyes Brazil's 'pre-salt' oil
- Saudi Arabia: Monday, September 28 - 2009 at 09:32
Dilma Rousseff, chief-of-staff to Brazilian President Luiz Inacio Lula da Silva has said that Saudi Aramco, along with other international oil companies, has expressed interest in helping his country develop its so-called pre-salt oil reserves, the Wall Street Journal has reported. According to government estimates, Brazil's chief discovery of pre-salt oil contains at least 5 billion to 8 billion barrels of oil, while industry analysts estimate the total pre-salt reserves to be much higher. 'Although we have reserved the greatest role for the government, we also want international companies to participate. The pre-salt reserves are so huge that even 10% of them would represent a huge field for development,' Roussef said.
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » Ford 2011 Mustang to have new engine
- » Dubai World: Official statement on debt obligations
- » Moody's: Dubai World restructuring unlikely to threaten sovereign credit of UAE and Abu Dhabi
- » Dubai World to restructure $26bn Nakheel, Limitless debt
- » More than $147bn committed to development of the Middle East's road, rail and public transport infrastructure
StaffMonday, September 28 - 2009 at 09:32 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds