Brazil may hold second sub-salt oil licensing round this year

Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt where massive discoveries have been made, the Energy Ministry said on Tuesday, as it looks to spur economic growth.

Seeking to attract investment and avoid a third year of recession in 2017, the government was already planning one licensing round for sub-salt prospects to take place by the end of June.

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