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Brazil Senate OKs Repetro oil sector customs regime extension

DECEMBER 12, 2017 / 4:16 PM / UPDATED AN HOUR AGO

The so-called Repetro scheme, which suspends import duties on equipment used in oil exploration and production, had to clear the Senate before the Dec 15 expiry date of a presidential order renewing the tax break currently set to expire in 2019. An amendment to the bill, however, means it must go back to the lower house for another vote.

Categories: Uncategorized

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