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This excerpt taken from the PBR 6-K filed Aug 18, 2009. Page 129 The lifting cost fell due to the decrease in the average Brazilian oil price used to calculate the government take, partially offset by the increase in the special participation tax rate due o due to higher output from the new platforms.
The lifting cost moved up due to the increase in the average Brazilian oil price used to calculate the government take, thanks to the international price recovery. |
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