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Petrobras Returns to Nigeria After Decade-Long Absence, Targets Deepwater Oil Blocks

Summary by The Rio Times
Brazilian state oil company Petrobras plans to return to Nigeria’s oil sector after more than ten years away. Nigeria’s Foreign Minister Yusuf Tuggar confirmed the development during government meetings in May 2025. The company wants frontier acreage in Nigeria’s deep waters. Petrobras previously operated in Nigeria from 1998 but divested its assets over a decade […]

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The Rio Times broke the news in Brazil on Friday, May 23, 2025.
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