SAO PAULO, April 12 Changes to water down strict local content rules on equipment to extract deep sea oil could help Brazil's government earn 31 billion reais ($9.9 billion) worth of royalties and other revenue sources between 2020 and 2025, state-controlled oil company Petróleo Brasileiro SA said on Wednesday.
In a presentation filed with the country's securities industry watchdog, Petrobras said failure to ease those rules could deprive Brazil's government of about 6 billion reais a year in revenues from the extraction of presalt oil deposited in the Libra offshore prospect.
($1 = 3.1258 reais) (Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)
BRIEF-GE Oil & Gas, Eni East Africa sign long-term partnership to develop gas resources offshore of Mozambique
* GE Oil & Gas and Eni East Africa sign long-term partnership to develop gas resources offshore of Mozambique
Russian court to resume Sistema case hearing on July 12 - RIA
MOSCOW, June 27 The Arbitration Court of Bashkortostan will continue hearing Russian oil producer Rosneft's lawsuit against business conglomerate Sistema on July 12, RIA news agency reported on Tuesday.