Petrobras reaches $99 mln royalties deal over refinery

Brazilian state-run oil company Petrobras has reached a 559 million real ($98.75 million) agreement with the country's oil regulator ANP regarding royalties over its SIX refinery, located in the southern state of Parana.

Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that 302 million reais have already been provisioned for a potential payment in the second quarter. It expects to start paying for the deal as soon as the contract is signed.

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