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By Doug Gray, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - Less than one week after a successful bid for a forty percent share of the Libra pre-salt oil field, Petrobras’ third trimester financial report made for uncomfortable reading among investors on Monday. The company’s net profits were down 39 percent on the same period last year, but the promise of a new pricing structure in a bid to reduce costs has boosted the company's share price.

With the . . .

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