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SAO PAULO -(Dow Jones)- Brazil's government will use a planned nuclear-powered submarine to protect the country's offshore oil fields, Defense Minister Nelson Jobim said Wednesday.
According to the minister, Brazil will spend about 1 billion reals ($613 million) to build a nuclear submarine.
Jobim made the statement during televised testimony before a congressional committee. He said the submarine will be used exclusively for defense, and won't carry nuclear arms.
Brazilian state-controlled energy giant Petroleo Brasileiro (PBR), or Petrobras, has made a number of important new offshore finds in recent months.
Originally posted by Harlequin
which is why zeroknowledge asked why not build diesel boats - do the same job , but cheaper and get more for your money.
Originally posted by Harlequin
and diesel boats don`t run around at full speed on batteries at all.