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EBX Shells Out for New Drillship

Oct 29, 2009

Brazil’s EBX is paying $400m for a new offshore oil drilling ship. The facility, a floating production storage and offloading (FPSO) ship, is being acquired from Norway-based Nexus, whose business includes starting up construction of vessels and then leasing or selling...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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