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TNK-BP Strikes $1bn HRT Deal

Nov 1, 2011

Anglo-Russian oil company TNK-BP has agreed to pay $1.0bn to Brazilian oil company HRT Participacoes em Petroleo for a 45% stake in an oil exploration concession located in the Solimoes basin. HRT plans to...

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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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