Brazillian Government News

Brazil’s Libra Oilfield Auction Stirs Protest

Protestors are rallying against the Brazilian auction of the Libra oilfield site discovered in 2010 roughly 140 miles off the coast of Rio de Janeiro. Multiple Sources reported that some 1,100 troops have already been deployed by the Brazilian government as a preventative measure after protests grew violent last week in Rio. The auction, which is scheduled to take place this afternoon, dictates that state-run Petrobras would bring in more than 40% of recovered oil from Libra for the Brazilian state.