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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Art Baeckel who wrote (21240)	8/4/2000 8:35:53 AM
From: Art Baeckel	Read Replies (1) \| Respond to of 22640

Brazil Petrobras has new, minor oil spill - TV Reuters Company News - August 03, 2000 20:18 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Jump to first matched term SAO PAULO, Aug 3 (Reuters) - Brazil's Globo television late on Thursday reported that state oil giant Petrobras , which last month caused the country's worst oil spill in 25 years, had another, although minor, offshore oil spill. Globo showed a helicopter view of an oil stain in the ocean, which it said occupied an area of 1.3 square miles (2 square km), off the coast of northeastern Ceara state. It said Petrobras officials had confirmed an oil spill of about 100 litres (25 gallons) of crude and that the company was trying to remove the stain with chemicals. Petrobras officials were not available for comment. The government on Tuesday imposed a record fine of nearly $100 million for July's spill of 1 million gallons (4 million liters) of crude in the Iguacu River and a repeated damage to the ecosystem. The oil firm had caused four spills since January. Earlier this week, Petrobras reported a new spill of some 270 gallons (1,000 liters) of a toxic fuel additive, known to cause cancer in animals, near Rio de Janeiro. The spills have tarnished Petrobras' image, raising questions in the government about how effective the company is in policing its vast network.