"Passport to the future": Brazil: Lula celebrates oil discovery in Amazon mouth
Brazil's head of state has described the discovery of hydrocarbons in the Amazon mouth as "a pass for the country's future". However, environmentalists are critical of oil production there.
Brazilian President Luiz Inácio Lula da Silva has celebrated the discovery of oil in the Amazon estuary as a "passport to the country's future". The find was announced by Petrobras, the semi-state-owned Brazilian oil company, which reported discovering hydrocarbons at a depth of 2,900 meters, 175 kilometers off the coast of Amapá state.
Petrobras President Magda Chambriard said it is too early to determine the extent of the reserves. Lula described the oil as "noble" and emphasized that the discovery is a matter of national sovereignty.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
