After 580 days in solitary confinement, Brazil’s former president vows to oppose the country’s ultra-rightwing government
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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/ 9 November 2007
A monster offshore oil discovery could help Brazil join the ranks of the world’s major exporters, but full-scale extraction is unlikely until 2013 and will be very expensive. The "ultra-deep" Tupi field off the coast of Rio de Janeiro could hold as much as eight billion barrels of recoverable light crude.