Supreme Court to Decide Brazil Oil Royalty Split After 13-Year Wait
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Key Points —Brazil’s Supreme Court is scheduled on May 6 to rule on Law 12.734/2012, which would redistribute oil royalties from producing to non-producing states and municipalities after a 13-year stay. —Rio de Janeiro estimates a combined annual loss of about R$21 billion ($3.6 billion), with the state alone losing roughly R$9 billion or 9.3 […]
The post Supreme Court to Decide Brazil Oil Royalty Split After 13-Year Wait appeared first on The Rio Times.
The post Supreme Court to Decide Brazil Oil Royalty Split After 13-Year Wait appeared first on The Rio Times.
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