Brazilian unions protest foreign participation in oil bid

Protestors marched to the headquarters of a Brazil oil company after it bought the right to build an offshore field.

Unions were angered that foreign companies had been given the opportunity to bid on Brazil's national assets. Five protestors were injured in a confrontation with the police. 

The Brazilian government reported being very satisfied with the auction of the Libra oil field. They will be receiving around three quarters of the overall profits. 

Brazil currently has 15.3 billion barrels of proven oil reserves. The Libra field will be able to produce about 1.4 million barrels a day by 2017.

_{source: Al Jazeera}