Brazil & Southern Cone - July 2025

This July edition of the Latin American Regional Report: Brazil & Southern Cone begins with a look at the oil exploration drive in Brazil, where the federal oil regulator (ANP) held an auction in June for oil exploration concessions, some of which were in the ecologically sensitive waters near the mouth of the Amazon River. The offshore blocks along Brazil’s northern coasts are considered to have the highest potential to boost the country’s oil reserves, but critics say investing in fossil fuels will taint the country’s green credentials as it prepares to host the United Nations climate change conference (COP30) in the Amazonian city of Belém in November.

End of preview - This article contains approximately 435 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial