Petrobras Receives Unfavorable Tax Ruling

Published

© Celso Pupo / Adobe Stock
© Celso Pupo / Adobe Stock

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)

Current News

Northern Territory Shale Developers Look Towards LNG Production

Northern Territory Shale Devel

CM Energy to Introduce CM Zenith Offshore Vessel to European Market in 2028

CM Energy to Introduce CM Zeni

Milei Vows Tougher Sanctions, Defense Push Over Falklands Oil Drilling

Milei Vows Tougher Sanctions,

ABS to Support Floating Offshore Wind Development in Brazil

ABS to Support Floating Offsho

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine