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Bolivian court overturns US$61 million ruling against Petrobras subsidiary

RIO DE JANEIRO, BRAZIL - The Agro-environmental Court of the Bolivian city of Sucre has overturned a lower court ruling that sentenced Petrobras Bolivia (PEB), a subsidiary of Brazil's state-owned oil company, to pay US$61 million in damages for the use of the property where the San Alberto field facilities are located, the oil company said Thursday.

According to a statement from Petrobras, the court ruling indicated evidence of the violation of PEB . . .

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