VOICED : Brasil licito bloques petroleros por casi USD 2.000 millones

Brazil auctioned six deep-water oil exploration blocks for $1.9 billion, with Petrobras and international companies like Statoil, Exxon, and BP winning bids. Despite some blocks remaining unallocated, Brazil secured favorable deals, retaining up to 80% of the surplus. The auctions mark a recovery in Brazil's oil industry, which faced a severe crisis. The government aims to earn over $80 billion from staggered block sales by 2019, as part of President Michel Temer's strategy to attract investment and overcome Brazil's worst recession.

What new insight or understanding did you gain from this video?