Brazil’s oil legal framework undermined: Petrobras

摘要

Rio de Janeiro—Brazil’s federal oil regulator ANP, which hit state-owned oil company Petro-bras with a Real1.3 billion (707 million) royalty charge July 20, risks bringing “total legal insecurity” to Brazil’s oil sector by applying royalty charges retroactively based on a “new methodology” for calculating them, the company said July 25.