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The
discovery of a huge natural gas reserve off the coast of
Rio de Janeiro could make Latin America’s largest country
self-sufficient in that fuel, a top official for Brazil’s
state oil company said yesterday.
The discovery of the reserve located about 5,100 metres
below the surface of the Atlantic Ocean was announced late
Monday by Petroleo Brasileiro SA, or Petrobras.
“If
this field has the gas that Petrobras believes it has, it
will make Brazil self-sufficient in natural gas,” Guilherme
Estrella, the company’s production and exploration
director said at a news conference. “If it meets our
expectations ... it could supply Brazil’s demands.”
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