Brazil: Alleged US Spying on Oil Company Will Not Affect Auction

Alleged US espionage targeting the Brazilian oil company Petrobras will not delay an oil field auction scheduled for next month, a government official was quoted as saying Tuesday.

The auction of rights to work the vast deepwater field called Libra is still scheduled for October 21, said Magda Chambriard of the National Oil Agency.

“I have just come from Asia, where we made a presentation to investors in China and Japan and there is great interest,” she told the newspaper O Globo. “This espionage news does not affect anything.”

She said the information that the National Oil Agency generates for the auction is public and all potential bidders have the same access, she said.

SOURCE: securityweek.com