LatinNews Daily - 28 January 2022

* The Associação Nacional de Petróleo (ANP), Brazil’s federal oil & gas regulator, has revealed that the Brazilian state received a record income from oil royalties in 2021. The Brazilian federal state, state-level governments, and municipalities earned a total R$37.6bn (US$6.9bn) in standard royalties from the companies producing oil on Brazilian territory, and a further R$36.8bn in ‘special participation’ payments, an additional royalty paid on large or particularly productive fields. Overall, royalties distributed to the Brazilian government last year were up 65% on the 2020 value. ANP says the record payment of royalties can be primarily explained by the increase in the price of oil on the international market and the exchange rate.  

End of preview - This article contains approximately 119 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial