Brazil's Petrobras Agrees to Pay 1.4 Billion Reais for 2000 Oil Leak
10/11/2021
SAO PAULO (Reuters) — Brazil's state-run oil company Petrobras said on Friday it has agreed to pay 1.4 billion reais ($254 million) to settle three civil suits relating to the leak of an oil pipeline in southern Brazil in 2000.
Petroleo Brasileiro SA, as the company is formally known, said it would pay the amount in four quarterly payments.
The spill in January 2000 leaked about 8,000 barrels (1.3 million liters) of oil into Guanabara Bay.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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