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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: elmatador who wrote (130123)4/6/2010 1:33:17 PM
From: Elroy Jetson2 Recommendations  Read Replies (1) of 206182
 
"They (China) want to know how to get in," said Haroldo Lima, director of Brazil's National Petroleum Agency, or ANP, in a telephone interview. "They're interested in buying from anyone that's willing to sell. I went there to explain the rules for how they can do that."

But he said Chinese companies have been insistent on being majority shareholders in new joint ventures, which would prevent them taking part in projects with state oil company Petrobras that are already in development.

Bottom-line, no deal.
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