Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro

SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding the government’s stake in its Jubarte oilfield, ANP said on Thursday.

The deal will now be put up for public consultation and may end a legal battle between the two parties.

($1 = 5.3287 reais)

(Reporting by Marta Nogueira; Editing by Steven Grattan)

Related posts

Spirit Christmas expands New Jersey holiday pop-ups with new 2025 locations including Toms River

Flight attendant age discrimination suit moves forward in New Jersey court against United Airlines

Judge tosses inmate’s civil rights suit against Gov. Murphy over confinement claims