New calculation of oil royalties dislike River

The announcement of the new guidelines for the calculation of royalties from petroleum production displeased many, in particular the Government of Rio de Janeiro which, it seems, are already mobilizing to review the rules.

Yesterday morning, may 4, the federal deputy Otavio Leite (PSDB-RJ) forwarded a draft legislative decree in the House of representatives to suspend the effects of the new calculation.

Today, the royalty calculation takes into account the selling price of oil and the oil benchmark on the market. What prevails is greater. From 2018, the national agency of petroleum, Natural gas and biofuels (ANP) will define monthly prices.

In the application for suspension of the Decree, the Member States that the new guidelines affect dramatically the legitimate rights to oil-producing States in the distribution of royalties and guest appearances.

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