DUBAI / GULF TIME Reinforcing the UAE’s growing reputation as a global destination for world-class ...
Read More »Brazil to pay Petrobras $9b in contract settlement
Bloomberg Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the way for Big Oil to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told reporters that compensation for a 2010 contract review will be paid in one settlement, and the resolution will ...
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