Brazil to decide in 2011 if BP can buy Devon assets

Brazil's state oil regulator, ANP, will wait until 2011 to decide whether to approve BP's proposed purchase of Devon Energy's offshore oil blocks, the agency's director said on Monday.
 BP said at the beginning of this year that it had reached a deal with Devon to take over its Brazilian oil assets for $7billion, but the ANP wants more information from the British firm about its plans before giving approval.
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Source: Reuters