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situation report

Nov 30, 2012 | 21:25 GMT

1 min read

Brazil: New Law To Redistribute Oil Wealth

Brazilian President Dilma Rousseff has signed a bill that will redistribute future oil wealth among Brazil's 27 states, Reuters reported Nov. 30. However, Rousseff vetoed parts of the bill that would cut royalties from existing concessions in oil-producing states. Stratfor earlier reported that Brazilian political parties would be freed up to address such issues after municipal elections in October. 

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