Oil auction sparks protests in Brazil

Reuters
Oil auction sparks protests in Brazil

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Brazil geared up on Monday to sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.

The government deployed more than a thousand troops around the beach front Rio de Janeiro hotel where the auction will take place, cordoning off streets to prevent protesters from disrupting an event that President Dilma Rousseff has billed as a crowning achievement of an energy plan aimed at ending poverty and vaulting Brazil to the ranks of developed nations. (Reuters)

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