October 16, 2019 / 12:27 AM / 4 months ago

Brazil's Senate approves bill clearing path for massive oil auction

BRASILIA, Oct 15 (Reuters) - Brazil's Senate unanimously approved a bill on Tuesday night that determines how proceeds from a massive upcoming oil bidding round will be divided among states and municipalities, allowing the so-called transfer-of-rights auction to go ahead on Nov. 6.

The passage of the bill is also seen as a key condition for the final approval this month of the government's proposed pension reform in the Senate. (Reporting by Maria Carolina Marcello; Writing by Gram Slattery; Editing by Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below