Rio de Janeiro, Brazil, Oct 22, 2025 (AFP) - Brazil auctions off five oil blocks ahead of COP30

NAMPA / AFP

2025-10-22

Brazil awarded exploration rights to five offshore oil blocks on Wednesday, doubling down on a controversial drive to boost production in the run-up to UN climate talks it is hosting next month. The auction came two days after state oil giant Petrobras was granted a controversial license to explore near the mouth of the Amazon river, a sensitive and biodiverse region. Brazil awarded rights to five of seven blocks on offer, raising 103.7 million r......

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