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LatinNews Regional Monitor: Brazil & Southern Cone - 17 July 2019

URUGUAY: Gov’t fails to convince Petrobras to stay

On 16 July, the Uruguayan government announced that it had reached an agreement with Brazil’s state-owned oil firm Petrobras under which the firm will be allowed to cancel its concessions on natural gas distribution in the country in exchange for the termination of all the legal disputes between the firm and its local unions.

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