Translating TOR: How Brazil’s $26 bln oil rights auction works

Financial Post | Oct 16, 2019 at 12:00 PM

Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR – the ‘transfer-of-rights’ area.

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  • Translating TOR: How Brazil's $26 bln oil rights auction works (Reuters: Oct 16, 2019 at 12:00 PM)