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Brazil Oil Leak to Cost Chevron $25 million
Brazil’s National Petroleum Agency said Thursday that Chevron Corp. will be fined nearly 50 million reais (approximately $25 million) for an oil leak at an offshore field last November. The U.S. oil producer was found to have committed 25 rules
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BRIC Stocks Now Out of Favour … Later to Be an Incredible Investment Opportunity
With BRIC stock valuations currently low and yet with strong long term projected growth a great buying opportunity may materialize at some point going forward. Meanwhile, attractive dividend yields of 4%-5% and more are available. The “BRICs” – Brazil, Russia,
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Ugandan Oil PLC is Off the Starting Blocks
It looks like Uganda and some of the oil companies involved are finally about to reap the rewards that will help transform the Ugandan Economy and some of the companies involved. Investors have been given the go-ahead to tap into
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Gold Becomes Peru’s Main Export Item in the First Quarter of 2012
Peruvian gold sales totalled 2.57 billion dollars in the first quarter of this year, making the commodity the country’s top export, the National Mining, Petroleum and Energy Society, SNMPE, announced. Total exports of gold soared 30% last year reaching 10.1bn
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The Race by Brazil’s New Oil Tycoons
The race is on between Brazil’s billionaire oil tycoons, Antonio Augusto de Queiroz Galvao, Marcio Rocha Mello and Eike Batista to see who will come out ahead in the race of extraction in Latin America and Africa. But it is
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Market Braced as Sanctions Continue on Iran’s Energy Sector
Iran’s oil sector has been targeted by fresh sanctions from the US, while the EU is in talks over what extra restrictions it will place on the country’s economy. A number of sanctions have targeted Iran’s energy sector, prompting analysts
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Mines and Money Beijing 2012
Mines and Money Beijing is where mining companies from around the world come to raise capital in China. The event takes place in the capital city of the world’s most important natural resources buyer on 21 – 22 June 2012.
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