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Brazil’s latest oil auction disappoints despite raising 5 billion reais

iStock.com/luoman

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Chinese oil company CNODC win a 20% stake in a concession for a pre-salt oil block auctioned yesterday in Rio de Janeiro – the only one of five blocks up for grabs to receive a bid.

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