Total to invest $1 billion per year in Brazil December 26, 2016 - 19:08 AMT PanARMENIAN.Net - Total E&P do Brasil, the local unit of France's Total SA (TOTF.PA), plans annual investments of $1 billion (814.85 million pounds) in Latin America's largest economy, Maxime Rabilloud, who heads the Brazilian operation, told the Monday, December 26 edition of Valor Econômico, Reuters reports. The decision to expand operations in Brazil comes on the heels of Total agreeing to acquire assets worth $2.2 billion from Brazil's state-run oil company Petroleo Brasileiro SA. As announced by the companies last week, Total bought stakes in oilfields and thermal power stations from Petrobras as part of the latter company's asset sales programme. Valor quoted Rabilloud as saying Total and Petrobras will keep in contact regarding the possibility of making other deals and forging future partnerships.  Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
