BRAZIL-ECONOMY-PRE-SALT-OIL-AUCTION
President of the National Petroleum Agency of Brazil (ANP) Sergio Almeida (L) hugs ANP representative Felicissimo Cardoso at the end of the pre-salt oil auction in Rio de Janeiro, Brazil on October 27, 2017.
Brazil's much anticipated auction of deep water, pre-salt oil blocks on Friday raked in 6.15 billion reais ($1.9 billion) in Rio de Janeiro after the government overturned a court injunction suspending the sale. The auction marked a surge in participation of foreign giants in some of the world's largest untapped oil reserves hidden deep under the ocean and then even deeper under thick layers of salt. / AFP PHOTO / Apu Gomes (Photo credit should read APU GOMES/AFP via Getty Images)
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867140678
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October 27, 2017
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