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3/1/2023 | Other

Brazil temporary tax on oil exports

The Brazilian Government approved the implementation of a temporary 9.2% tax on crude oil exports until June 30, 2023, starting today.

On a preliminary basis, this tax could potentially impact c.€50 m to Petrogal Brasil, the Brazilian subsidiary where Galp owns a 70% stake.

Brazil temporary tax on oil exports PDF 137 KB Brazil temporary tax on oil exports

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