💨 Abstract

Brazilian oil firm Petrobras is facing a deadline to receive an environmental license for drilling in the Foz do Amazonas region by end of April. The license was denied in May 2023 due to environmental concerns, but Petrobras has been waiting for a decision since then. They've already spent $174.34 million and $400,000 per day on a drilling vessel, which will expire in October.

Courtesy: theprint.in

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