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By News wires
03 August 2009 21:33 GMT
A government panel studying possible changes to Brazil's oil law should outline the proposal to President Luiz Inacio Lula da Silva on Wednesday, with the bills heading for Congress by the middle of this month.
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Privately held US player Samson Energy plans to sell off its deep-water oil and gas business, a portfolio that includes stakes in a number of high-profile Gulf of Mexico discoveries and prospects.
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