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Rio’s Mayor Wants to Sell Future Revenue From Oil Royalties and Special Holdings

RIO DE JANEIRO, BRAZIL - In his last year in office, Rio's Mayor Marcelo Crivella authorized the opening of a bid for the municipal government to sell rights to future rights to oil royalties and special holdings to which the municipality has direct access.

The order from the Treasury Secretary Rosemary de Azevedo Carvalho was published on Tuesday, August 18th, in the Municipal Gazette . . .

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