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| Position | Repsol and Petrobras invest in off-shore petroleum production in Brazil - Art |
Spanish oil company Repsol YPF and Brazil's state-owned oil company Petrobras have invested nearly US$2 billion to start production at Brazil's largest floating oil platform. Located 120 kilometers off the coast of Rio de Janeiro state, the Albacora-Leste P-50 platform has an output capacity of 180,000 barrels per day. With a 10% stake in the platform, Repsol YPF--already the second-largest oil refiner in...
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