| Publication |
2014.
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| Summary/Abstract |
When Brazil opened up its huge offshore petroleum discoveries to foreign developers in October, after holding off on a decision for six years, government leaks indicated that Chinese state oil companies would dominate the bidding for the estimated reserve of eight to twelve billion barrels of oil. When the bids were opened, however, the Chinese proved to be far more cautious than expected and took only a minority participation in the winning consortium dominated by Petrobras, the Brazilian state oil company, and two major Western multinationals, Royal Dutch Shell, the Anglo-Dutch giant, and Total, the largest French oil company.
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