August 15, 2008
London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fundÂ’s largest holding.
As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management, according to a filing with the US Securities and Exchange Commission. Petrobras has since slumped 28 per cent
U.S. Ready to Finance Oil Drilling in Brazil
EFE News Services 8/5/2009
The U.S. government is prepared to provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off BrazilÂ’s coast, a Brazilian official said Wednesday.
President Barack ObamaÂ’s national security adviser, Gen. James Jones, discussed the matter with officials this week during a visit to the South American country, Brazilian Planning Minister Paulo Bernardo da Silva told reporters.
More of the same You Democrats like to say Bush got rich off Iraqi oil but it looks like Obama is the one making money off Oil Companies.George Soros just made 10 Billion dollars ,nice to see Stimulus money going to the people who really need it.hows that hopoe and change working for you
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