Congress Approves Oil Law Amendment

By Sibel Tinar, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Upon the approval of the amendment of Brazil's existing oil laws that aims to redistribute oil royalties among all states and municipalities by the lower house of the Brazilian Congress, Câmara dos Deputados (Chamber of Deputies), the tension between the state of Rio de Janeiro, and the nation's capital Brasília has been escalating.

If approved by President Lula, this decision taken by the Congress on . . .

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