Two measures of Lula's government are generating fear in the oil sector, especially for the independent companies, called junior oil companies, which have planned investments of R$40 billion (US$7.65 billion) until 2029, according to an estimate by the Brazilian Association of Independent Oil and Gas Producers (Abpip).
One of the measures is the return of the collection of the Oil Export Tax, at a rate of 9.2%, foreseen in the provisional measure . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here