Brazil’s government is looking to extract some $6.2 billion from the country’s oil industry in a bid to shore up state finances, Bloomberg has reported, saying one way to get more money out of oil producers was by “reviewing” the reference prices used to set oil taxes. Another way to raise money from the oil industry that the government is considering is the sale of more exploration licenses, Bloomberg also wrote.
Brazil has been struggling to achieve its stated goals, confronted with a combination of higher spending and…Brazil Looking for $6.2 Billion From Its Oil Industry
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