Karoon Energy eyes Brazil acquisitions despite export tax -CEO

April 14, 2023 05:54 AM AEST | By Reuters
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RIO DE JANEIRO, April 13 (Reuters) - Australia's Karoon Energy Ltd remains on the lookout for acquisition targets in Brazil, despite the view that the country has lost competitiveness with a temporary oil export tax, Chief Executive Julian Fowles told Reuters on Thursday.

The executive noted the Brazilian market has fewer oilfields available for acquisition after the government of President Luiz Inacio Lula da Silva halted asset sales by state-run oil firm Petrobras, but Fowles said there are still deals worth consideration.

(Reporting by Marta Nogueira; Writing by Peter Frontini; Editing by Brad Haynes)


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