Brazil Axes Controversial Amazon Oil Project ...Middle East

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Brazil Axes Controversial Amazon Oil Project
source : OILPRICE ( Middle East ) () 56
The Brazilian environmental protection agency has refused to grant approval for a controversial offshore oil project led by state oil major Petrobras. The agency based its decision, which was celebrated by environmentalists, on “a function of a group of technical inconsistencies.” The FZA-M-59 block was originally under license to BP Energy but Petrobras took over in 2020. The block, located in the Foz do Amazonas basin, off Brazil’s northern coast, is close to the mouth of the Amazon River, which prompted the environmentalist…

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