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Tag: Oil Royalty Distribution in Brazil

Many Places, Business Accelerator, Rio de Janeiro, Brazil News

Rio May Lose R$38.5B in Oil Royalties

Contributing Reporter -
By Leo Byrne, Contributing Reporter RIO DE JANEIRO, BRAZIL - The economic fallout from Congress’ divisive decision to overturn the presidential veto on the redistribution of oil royalties continued this week as the main oil producing states reviewed their budgets...
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New Oil Royalties Plan Threatens Rio Revenue

Contributing Reporter -
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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