Brazil’s Petrobras gets green light to drill near mouth of Amazon river

Investing.comMonday, October 20, 2025 at 9:30:42 PM
Brazil’s Petrobras gets green light to drill near mouth of Amazon river
Brazil's Petrobras has received approval to begin drilling near the mouth of the Amazon River, a significant development for the country's energy sector. This decision is crucial as it could enhance Brazil's oil production capabilities and contribute to the economy. However, it also raises environmental concerns given the sensitive ecosystem of the Amazon, making it a topic of debate among environmentalists and industry advocates.
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