Brazil govt likely to pay $10 bln to Petrobras in transfer-of-rights dispute -report

Rio De Janeiro — The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so-called ‘transfer-of-rights’ dispute, newspaper Valor Economico reported on Tuesday, though the parties have not agreed on the final terms. The financial daily, citing a source with knowledge of the matter, said … More »