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Oil Firms Brace for Impact as Brazil Revamps Tax Benchmark
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3 Articles
Oil Firms Brace for Impact as Brazil Revamps Tax Benchmark
Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. The new mechanism could result in a royalty revenue boost of some $181 million, Reuters reported, citing the country’s energy minister, Alexandre Silveira. The new rules will take effect from September, affecting royalty distribution in November. Oil com…
Oil firms brace for impact as Brazil revamps tax benchmark – Oil & Gas 360
(Oil Price)– Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. The new mechanism could result in a royalty revenue boost of some $181 million, Reuters reported, citing the country’s energy minister, Alexandre Silveira. The new rules will take effect from September, affecting royalty distribution in Novem
The director of the ANP (Ag Ncia National do Petr leo, G s s and Biocombust ves) approved this Friday (24) revision of the clicula of the reference paragraph which defines the royalties collected on the product of petr leo brazilian. Read more (07/24/2025)
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