Brazil eyes upstream auctions in 2011: minister

摘要

Rio de Janeiro-Brazil may hold auctions to sell rights to both onshore oil concessions and offshore production sharing contracts in 2011, Edison Lobao, the country's energy minister, said January 4. The government is likely to approve the so-called 11th round auction of oil-rights con- cessions in the first half of the year, Lobao, who returned to the ministry January 1 with the inauguration of Brazilian President Dilma Rousseff, said in a statement.