Tags Oil Royalties

Tag: Oil Royalties

By Maria Lopez Conde, Contributing Reporter RIO DE JANEIRO, BRAZIL – Last week, Supreme Court (STF) Justice Cármen Lúcia Antunes Rocha suspended the new royalties distribution law that imposes a more equitable division of oil-generated revenue between Brazil’s 26 states...
By Lucy Jordan and Leo Byrne, Contributing Reporters RIO DE JANEIRO, BRAZIL – After some five hours of impassioned speeches and spirited debate, Brazil’s Congress early Thursday morning voted to overturn President Dilma Rousseff’s line-item vetoes of a new oil...
By Andrew Willis, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Deputies and senators from non-oil producing states have secured enough signatures to force a vote on President Dilma Rousseff’s partial veto of a controversial oil royalties bill. The politicians...
By Nicole Froio, Contributing Reporter RIO DE JANEIRO, BRAZIL - Around 100,000 people are expected to protest in the city center of Rio today against the bill that would redistribute an estimated R$77 billion the state by 2020 from oil...
By Andrew Willis, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian President Dilma Rousseff has until November 30th to decide whether she will veto sections of a controversial new bill, set to see oil royalties distributed more evenly among all...
Laura Madden, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Brazilian federal government paid oil royalties of R$12.99 billion in 2011, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) announced last week. This represents an increase of 31...
By Brennan Stark, Contributing Reporter RIO DE JANEIRO, BRAZIL - A bill to distribute oil royalties more evenly amongst Brazil's 27 states passed its first hurdle when it received approval from Brazil's Senate last Wednesday, October 19th.  The proposal now...
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