The flotation of Petrobras is a key part of the country's efforts to extract huge quantities of high-quality oil which lie around 280 miles offshore and 4,000 metres under the sea floor Brazilian president Luiz Inacio Lula da Silva swith samples of oil from offshore fields Photograph: Evaristo Sa/AFP/Getty Images Brazilian oil giant Petrobras has surprised investors by postponing its $25bn (£16.86bn) stock market flotation, potentially delaying its efforts to extract oil from deepwater reserves...
Full Story: The Guardian
