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AP) A deep-water exploration area off Brazil's coast could contain as much as 33 billion barrels of oil, the head of Brazil's National Petroleum Agency said Monday. That would make it the world's third-largest known oil reserve. Haroldo Lima cautioned that his information on the field off...

The Brazilian government says huge new oil reserves have been discovered in the state of Rio de Janeiro and São Paulo and could turn the country into one of the biggest oil producers in the world. Unfortunately i cannot post the link, if you go to the BBC world news website you will find it...