Oil company Petrobras, from Brazil, wins tender for exploration in Libya
The Brazilian oil giant was one of the international companies to win the first tender of the kind ever to take place in the Arab country. A total of 14 exploration blocs were offered. Libya has the eighth largest crude oil reserves in the world, and was one of the nations visited by Brazilian president Luiz Inácio Lula da Silva during his visit to the Middle East and North Africa in December 2003.