Brazil reduces Chevron fine for oil spill

September 18th, 2012 - 12:03 pm ICT by IANS  

Rio de Janeiro, Sep 18 (IANS/EFE) Chevron will be fined $17 million for an offshore oil spill rather than the nearly $25 million announced in July, the head of Brazil’s National Petroleum Agency, or ANP, said Monday.

Chevron Corp. has been assessed a penalty of 35.1 million reais ($17 million) for 24 of the 25 infractions identified as contributing to the November 2011 accident, Magda Chambriard told reporters at the Rio Oil & Gas Fair.

She noted, however, that the fine could increase by 2 million reais ($1 million) depending on how the ANP evaluates the 25th infraction.

The ANP is still reviewing Chevron’s application to resume operations in Brazil and will make its decision without regard to a judge’s ruling that the US-based giant must abandon the South American country, Chambriard said.


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