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Brazilian Temporary Tax to Impact Crude Exports: Petrobras CEO

OIL

Petrobras may export less crude after the Brazilian government announced a 9.2% tax on oil exports last week.

  • The company has no plans to file an injunction to stop the temporary tax, which is in effect from Feb. 28 through June 30.
  • Petrobras’ CEO does not expect the tax to extend past 4 months.

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