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Buying Brazil's black gold
China's demand for oil has also taken it to Brazil: Earlier this summer, the China Development Bank loaned Petrobras, Brazil's national oil company, $10 billion for a deep-water, offshore-exploration project.

Brazil's President Luiz Inácio Lula da Silva, to the right, views the first sample of crude from an offshore platform.

NEXT: The Iran connection
Last updated October 09 2009: 4:12 PM ET
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