Petrobras Receives Unfavorable Tax Ruling

Wednesday, January 23, 2019

Petroleo Brasileiro SA (Petrobras) has received an unfavorable ruling from a tax court in a 1.7 billion reais ($445.70 million) dispute involving corporate tax charged in 2012 on overseas companies it controlled, the Brazilian state-run oil company said in a securities filing on Wednesday.

Petrobras said it will appeal the decision.


($1 = 3.8142 reais)

(Reporting by Ana Mano; editing by Jason Neely)

Categories: Legal Finance

Related Stories

TotalEnergies, OQ Reach FID for Marsa LNG Project in Oman

Venterra Expands Marine Hard Bottom Benthic Ecology and Hard Structure Services

Saipem Gets Go-Ahead for ExxonMobil’s Guyana Oil Development

Current News

Hess Sets Date for Shareholder Vote on Chevron Merger

US Releases Offshore Wind Liftoff Report and Promises Funding

US Interior Department Finalizes Offshore Renewable Energy Rule

US Plans 12 Offshore Wind Auctions Over Five Years

Subscribe for OE Digital E‑News