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2010-09-03 22:15

Petrobras sells 64 bln dlrs of stock to fund exploration (AFP)

View of an oil platform off the coast of Brazil. Brazil's state-run oil company Petrobras has unveiled a huge share offering which could raise 64 billion dollars to help finance new exploration projects in the country.(AFP/File/Antonio Scorza)AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings on Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into one of the world's top 21st century oil exporters.


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