Brazil mulls a new state firm to administer oil reserves

[NewsWhore]

Brazil will set up a new state-owned company to manage prospecting and drilling in its oil fields along the Atlantic coast in an effort to consolidate control over its vast oil reserves, Spain's EFE news agency reported.

More... (http://story.brazilsun.com/index.php/ct/9/cid/24437442923341f1/id/376419/cs/1/)