RIO DE JANEIRO, BRAZIL - Last month, Brazil's successful auction of deepwater oil reserves was hailed as a sign of big oil companies' appetite for crude. But for Brazilian officials, the auction was also a turning point for the government's infrastructure and natural resources concession program.
An earlier attempt to hold the complex auction had failed in 2019. "We cannot hide our joy," said Subscribe to our Premium Membership Plan. Already Subscribed? Login Here