Special customs regime for the Oil & Gas industry in Brazil

The special Brazilian customs regime REPETRO allows companies to import specific equipments to be used in research and exploitation of oil and natural gas fields, with the exemption of federal taxes such as the following: II – Import tax; IPI – Excise tax; PIS – Contribution to the social inclusion program; COFINS – Contribution toContinueContinue reading “Special customs regime for the Oil & Gas industry in Brazil”

Brazilian government authorized the eleventh round of Oil & Gas fields exploitation

The Oil and Gas industry in Brazil may now expect the eleventh round of fields exploitation, as it has been announced by the National Agency for Petroleum, Natural Gas and Biofuels (ANP) after a meeting between President Dilma Rousseff and Edson Lobão, the Minister of Mines and Energy, held on January 10, 2013.Public bidding announcementsContinueContinue reading “Brazilian government authorized the eleventh round of Oil & Gas fields exploitation”