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Article

23 Oct 2013

Author:
Mint Press News

Protesters Battle Police As Brazil Auctions Off Oil Field [Brazil]

As the auction of Libra, a deepwater oil field in Brazil, closed to applause, there were also sounds of rubber bullets and teargas. About 300 demonstrators calling for the nationalization of Brazil’s oil industry clashed with police outside the…hotel where the bidding took place...there had been criticism about the complex process of the auction, where many U.S. oil companies failed to make a bid…The auction was won by…Petrobras (which got 40 percent), Shell (which got 20 percent), France’s Total (20 percent) and Chinese state companies CNPC and CNOOC (10 percent each)... The selling off of Libra to international oil companies was highly contested in the courts by environmentalists, unions like the FUP [Unified Federation of Oil Workers ] and socialist groups…