Rio will receive more than 1 bi in royalties

The Government of Rio de Janeiro, as well as the municipalities of the State will win, from 2017, more than $1 billion with the transfer of the oil royaties, according to calculations made by State representative Luiz Paulo (PSDB) after resolution of the Minister Luiz Fux the Supreme Federal Court (STF), which revised the criteria for minimum pricing of oil and natural gas in the State.

The national agency of petroleum, Natural gas and biofuels (ANP) has until March 1 to review the value of the fuel in the State. With the measure, the oil companies must pay more with the review of the criteria for setting the minimum price of oil to be adopted in the calculation of royalties.

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