By Peter Millard
March 11 (Bloomberg) — Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japan’s Inpex Corp.
Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, operates the block with a 65 percent stake.
Financial terms of the deal weren’t disclosed.
To contact the reporter on this story: Peter Millard in Mexico City at pmillard1@bloomberg.net
To contact the editor responsible for this story: Jessica Brice at jbrice1@bloomberg.net


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