Brazil expects to raise 1 billion reais ($309 million) this year through the sale of 5 million barrels of oil and gas from the country’s offshore pre-salt layer, oil and gas secretary Marcio Felix told Reuters.
The funds will include proceeds from the sale of oil produced by a Petrobras-led consortium in the Libra area, as well as through so-called unitization deals with private companies that have extracted oil from reserves that belong to the government.
Brazil Energy Insight 
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