Repsol Sinopec Brasil considers the terms of the country’s huge “transfer-of-rights” oil auction next week unattractive, which is a main reason it is not among the 14 firms registered for a chance to bid, the firm’s top Brazil executive said on Tuesday.
Asked on the sidelines of Rio de Janeiro’s Offshore Technology Conference if the round was expensive, Repsol Sinopec Brasil’s CEO Mariano Ferrari said: “We’re not participating, which should give you the answer to that question.”
Brazil Energy Insight 
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