BUENOS AIRES, April 14 Shares of Brazil's
state-owned Petrobras soared nearly 7 percent on Monday on the
Argentine stock market following news the company may have made
the world's biggest oil discovery in 30 years.
The offshore find, known as Carioca and made in partnership
with Repsol-YPF (REP.MC)(REP.BA) and BG Group BG.L, could
contain 33 billion barrels of oil equivalent, said Harold Lima,
the head of Brazil's National Petroleum Agency.
Petrobras (APBR.BA)(PETR4.SA)(PBR.N) officials had no
Buenos Aires-listed shares of the company surged to 192.5
pesos at 4:00 p.m. local time, moving a volume of $15 million,
the equivalent of 36.5 percent of total value on the
Repsol skyrocketed 16.7 percent to 139.5 pesos, but the
impact remained limited due to low volume.
($1 = 3.1825 pesos)
(Reporting by Gaspard Sebag and Jorge Otaola; editing by John