Brazil may team up with a French company to build a nuclear-powered submarine, part of plans to rearm the country's military, Defense Minister Nelson Jobim said.
France is the most likely candidate to help Brazil develop military ship-building techniques to create submarines that can be fitted with a Brazilian-designed naval nuclear reactor, Jobim told reporters at the Angra dos Reis nuclear power station outside of Rio de Janeiro.
Brazil is seeking new warships to protect its expanding offshore oil reserves, resources that have transformed Brazil from an oil importer into an oil exporter, Jobim said. State- controlled Petroleo Brasileiro SA said in November its Tupi offshore field may hold as much as 8 billion barrels of oil, one of the largest finds in the last 20 years.
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