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Brazilian state-run oil company Petrobras announced on Tuesday that its board has approved the acquisition of a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa. Petrobras has approved the acquisition of a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa.French oil major Total will maintain a 40% stake in the block and operates the project.Petrobras is evaluating 10 potential opportunities to partner with oil majors in Africa to expand its global presence.Brazilian state-run oil company Petrobras announced on Tuesday that …

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