Rio de Janeiro, Brazil, June 17, 2025 (AFP) - Brazil sells exploration rights to 19 oil blocks near Amazon for $153 mn

NAMPA / AFP

2025-06-17

Brazil sold exploration rights to 19 oil and gas blocks near the mouth of the Amazon river for $153 million Tuesday, at an auction slammed by environmentalists months before the country is to host the COP30 climate summit. Two consortiums -- one comprising Brazil's state-owned Petrobras and US giant ExxonMobil, the other US multinational Chevron and China's CNPC -- bought the rights to 19 of 47 deepwater blocks on auction in an area considered vu......

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Environmental

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