SOUTH AMERICA

Petrobras loses appeal

ANY hopes Karoon Gas Australia had for a rapid resolution for its stalled purchase of two offshore Brazilian oil developments vanished yesterday, as the courts packed up for the Christmas break.

Petrobras loses appeal

In October, as Karoon's lawyers were steaming towards closing the deal to purchase the Bauna oil project and an interest in the Tartaruga Verde oil development from Petrobras, the sales process was derailed...

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