By EDUARDO BRAVO LOSADA, CPA
Quest for energy resources inspired by massive deep-water finds in Brazil
Nine energy companies have submitted 19 bids to explore for oil off the coast of energy-poor Uruguay. The discovery of massive deep-water reserves off Brazil's Atlantic coast has encouraged neighboring Uruguay to look for energy resources along its own coastline in hopes of reducing its dependence on imports. Bids were made by Britain's BP and the BG Group, France's Total, Shell and Exxon Mobil, Reuters reports.
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