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Updated Tuesday, September 1, 2009 11:27 am TWN, Reuters

Brazil's Lula meets foes to new oil plan

BRASILIA -- Brazilian President Luiz Inacio Lula da Silva tried on Sunday to overcome opposition by three state governors to a legislative proposal he hopes will make the country a top oil producer and help fight poverty. Lula's government will unveil on Monday a legal framework to develop massive new off-shore oil deposits, which triggered euphoria and expectations of newfound wealth in Latin America's largest country when they were announced in 2007.

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