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MercoPress, en Español

Montevideo, April 29th 2026 - 11:35 UTC

Tag: TotalEnergies

  • Thursday, April 9th 2026 - 01:08 UTC

    Brazilian judge suspends 12% crude oil export tax for five international oil companies

    Judge Humberto de Vasconcelos Sampaio ruled that the sudden imposition of the 12% rate amounts in practice to the creation of a new tax burden with a “merely revenue-raising” purpose

    A federal judge in Rio de Janeiro issued a preliminary injunction suspending the 12% crude oil export tax for five international companies operating in Brazil: Shell, TotalEnergies, Equinor, Repsol Sinopec and Petrogal. The ruling represents an initial court victory for the oil companies in their dispute with President Luiz Inácio Lula da Silva's government over a levy they consider unconstitutional.