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Brazil’s Record Oil Auction: Revenue Surge Reflects Push for Fiscal Stability

Summary by The Rio Times
Brazil’s government just made a record $5 billion by selling rights to 74.5 million barrels of oil from its offshore fields. This sale happened on June 26, 2025. It was handled by PPSA, the official agency in charge of selling the government’s share of oil. The oil comes from the Santos Basin, an area off […]

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Brazil’s Record Oil Auction: Revenue Surge Reflects Push for Fiscal Stability

Brazil’s government just made a record $5 billion by selling rights to 74.5 million barrels of oil from its offshore fields. This sale happened on June 26, 2025. It was handled by PPSA, the official agency in charge of selling the government’s share of oil. The oil comes from the Santos Basin, an area off […]

·Brazil
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porttechnology.orgporttechnology.org

Maersk challenges Brazil’s $1 billion port auction rules

Maersk has filed a lawsuit seeking to suspend Brazil’s upcoming auction for the Tecon 10 container terminal at the Port of Santos.

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porttechnology.org broke the news in on Friday, June 27, 2025.
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