11 Firms To Join Huge Brazil Oil Auction
International giants such as Britain’s BP and BG Group, as well as American firm ExxonMobil chose to stay away, according to National Petroleum Agency chief Magda Chambriard.
The list features several titans of the oil industry, including China National Corporation, Anglo-Dutch Shell, Petrobras, France’s Total, China National Offshore Oil Corporation and Chinese-Spanish Repsol/Sinopec, an ANP statement said.
Also taking part in the October 21 auction are Japan’s Mitsui, India’s ONGC Videsh, Portugal’s Petrogal and Malaysia’s Petronas. Chambriard said she had expected about 40 companies to bid for Libra. “Now, there is an international context,” she noted.
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