Brazilian oil independents’ shares sink on crude exports tax

Shares of Prio, 3R Petroleum, PetroReconcavo and Enauta were down following government announcement

New tax: Brazil's Finance Minister Fernando Haddad speaks during a news conference in Brasilia to announce the creation of a new tax on oil exports — New tax: Brazil's Finance Minister Fernando Haddad speaks during a news conference in Brasilia to announce the creation of a new tax on oil exportsPhoto: REUTERS/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Brazil Luiz Inacio Lula da Silva PRIO Enauta Petrobras

Published 1 March 2023, 13:14Updated 1 March 2023, 16:53