R $100 billion for the Union account

There are indications that the Brazilian government can collect between R $80 and R $100 billion in the next oil megaleilão that happens still in 2018. According to MME, the process should take place until 7 July, deadline, due to the elections in October. Another impasse that needs to be set up there is the deal between Petrobras and the Union on the costly assignment. The agreement in 2010 gives the state the right to exploit five billion barrels of oil in the pre-salt. Will the auction be able to leverage the union's accounts?



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