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France Total to bring $1.4 bln into Brazil to pay for Libra oil rights
October 21, 2013 / 7:20 PM / 4 years ago

France Total to bring $1.4 bln into Brazil to pay for Libra oil rights

RIO DE JANEIRO, Oct 21 (Reuters) - France’s Total SA said on Monday it will bring 3 billion reais ($1.4 billion) into Brazil to pay for its share of the up-front bonus needed to sign a contract to help develop a giant oil area off the coast of Rio de Janeiro.

The cash is expected to enter the country within a month, said Magda Chambriard, the head of the ANP oil regulator.

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