Brazil targets $4.4 billion from pre-salt oil auction in 2027
Brazil’s government expects to raise 22.4 billion reais (about $4.4 billion) from an extraordinary pre-salt oil auction scheduled for 2027, per an annex to a budget bill submitted to Congress.
By Marcela Ayres and Bernardo CaramBrazil's government expects to raise 22.4 billion reais ($4.4 billion) from an extraordinary pre-salt oil auction in 2027, according to an annex to the budget bill submitted to Congress, a revenue source that will be crucial to achieving its goal of posting its fi…