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Brazilian independent stands to lose

Bankrupt Brazilian player Oleo e Gas Participacoes, the ailing oil producer controlled by Brazilian industrialist Eike Batista, stands to lose offshore exploration rights for Espirito Santo if it fails to meet capital spending commitments by Friday, a source with direct knowledge of the situation told Reuters.

Batista set to lose: If his company does not pay its share of exploration costs, Eike Batista could lose his rights to the stake
Batista set to lose: If his company does not pay its share of exploration costs, Eike Batista could lose his rights to the stake
  • News Wires
Published 24 January 2014, 00:27Updated 11 October 2016, 16:38