Excitement about the potential of Brazil as a massive new source of oil and gas intensified on Tuesday after a senior Energy Ministry official declared that the newly found Carioca field could have 33-billion barrels in place — leading to expressions of surprise and scepticism from industry experts.
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/ 20 December 2007
A clash between ministries over how to stop Russia from flaring nearly -billion of gas each year is reinforcing doubts that the country can meet President Vladimir Putin’s goal to all but eliminate the waste by 2011. Some experts say Russia is also the leading flarer of gas, although by its own calculations it is only the second largest after Nigeria.