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Lula calls oil near the Amazon River a passport to Brazil's future after Petrobras strikes new find
Experts say commercial drilling could take up to a decade as environmental and Indigenous groups sue to stop exploration.
- On Monday, President Luiz Inácio Lula da Silva visited a Petrobras offshore drilling vessel near the Amazon River, where the company detected hydrocarbons about 180 kilometers off the coast of Amapa.
- The Equatorial Margin holds significant oil and natural gas reserves, with preliminary estimates suggesting the basin could contain up to 10 billion barrels of oil, valued at about $720 billion.
- Petrobras President Magda Chambriard said the company must conduct further research to determine how much oil the area contains, while Lula described a sample of crude as "blessed."
- Lula faces a tight reelection campaign in October, and political scientist Breno Rodrigues de Messias Leite said the trip sends an important message to voters in northern Brazil.
- While Lula called drilling a "passport to the country's future," environmental and Indigenous groups have sued to halt exploration, arguing the licensing process failed to properly consult traditional communities.
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19 Articles
19 Articles
The president of Brazil visits the point of the mouth of the Amazon where Petrobras has found crude in an indeterminate amount
·Madrid, Spain
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Associated Press News+16 Reposted by 16 other sources
Lula calls oil near the Amazon River a passport to Brazil's future after Petrobras strikes new find
Brazil’s President Lula da Silva says oil drilling in northern coastal regions could be a "passport to the country’s future."
·New York, United States
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Total News Sources19
Leaning Left7Leaning Right3Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 37%
C 47%
R 16%
Factuality
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