• Categories
  • Archives

Brazil to Explore Oil in Turkey’s Deep Waters

Brazil is going to explore oil in the deep waters of the Black Sea. Petrobras, the Brazilian state-controlled oil giant and the Turkish state-owned oil company (TürkÀ½ye PetrollerÀ½ AnonÀ½m Ortaklidi) signed yesterday, August 17, two contracts for the export and production of oil in the Black Sea.

The companies, according to official information from the Turkish authorities,  will be partners in two blocs in the fields of Kirklarelli and Sinop, where there are possibilities for exports of great volumes of hydrocarbons.

The first bloc is based in the Western sector of the Black Sea, at an average depth of 1,200 meters. And the second, in the Eastern sector, at a depth of 2,200 meters.

Petrobras also informs, in the statement, that the Turkish region of the Black Sea is still little explored, although it presents perspectives of good results:

"Turkey is a country surrounded by important productive basins and its territory is cut by a large network of oil and gas pipelines that supply Europe."

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Amazon deforestation

It’s Time Brazil Let the World Help Care for the Amazon

Brazil has responded quite harshly to rumors of foreign nations buying parts of the ...

Uruguay Leader Sees Dirty Tricks from Brazil and Argentina in Mercosur

For Uruguay's ruling coalition presidential candidate José Mujica, Mercosur is "lame and in misery," ...

Cover Story

“We are like an omelet. The more they beat us, the more we grow.” ...

Brazil’s Breadmaker Nutrella Goes International

Nutrella, a traditional maker of breads, is getting ready to enter the foreign market. ...

Lower than Expected Inflation in the Horizon for Brazil

Latin American shares moved in different directions today, with Brazil trending lower and Mexico ...

Samsung Tells Brazil Has a Lot of Clean-Up to Do to Draw More Foreign Investment

In the last two years, Brazil has gathered three pillars necessary for a sustained ...

Paris’s Galeries Lafayette Becomes a Huge Brazilian Market

Brazil’s Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, launches tonight, in ...

3.14 Million in 2009: Brazil Has Never Sold So Many Vehicles

Last year, in Brazil, sales of automobiles, light commercial vehicles, trucks and buses totaled ...

Crime and Impunity

Many in Brazil felt impunity had taken a major hit back in 1992, when ...

Brazil Wants World Taxes to Fight Hunger

The United Nations meeting on poverty and hunger reduction, which has been engineered by ...