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September 2010 
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BP makes $7bn oil deal in Brazil |
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(11 March 2010)
British Petroleum (BP) has confirmed it will begin exploration off the coast of Brazil, through a $7bn deal to buy oil and gas assets from Devon Energy. The Financial Times relays that under the terms of the deal, BP will also widen its operations in the Mexican Gulf and increase interests in Azerbaijan.
In return, the UK major will receive a $500m payment to create a joint venture with...
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