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Petrobras’ New Amazonian Oil Find

By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - State-controlled but market-floated petroleum giant Petrobras announced last Friday the discovery of a new onshore ‘light’ crude oil field in the Amazonia state, for which Petrobras owns full production rights. The new well was drilled near the town of Tefe, around 600 kilometers from the Amazonian capital of Manaus, and lies . . .

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