Friday, August 30, 2013

Privatization - Brazil - Batista's OGX cedes nine Brazilian blocks as debt mounts

Brazilian magnate Eike Batista's troubled oil and gas flagship OGX has relinquished nine exploration blocks won at the 11th licensing round in May.The announcement came...

This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes Privatization insight and forecasts for business opportunities in Brazil. The business development service focuses on major projects, active companies, such as EBX, Queiroz Galv?o, Total, ExxonMobil, ANP (Brasil), OGX; and business and sales contacts, providing networking opportunities with leading executives throughout Latin America. Contact us today! Phone:+56 (2) 2941-0300

Source: http://member.bnamericas.com/news/privatization/batistas-ogx-cedes-nine-brazilian-blocks-as-debt-mounts

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