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Brazil · Energy
Key Facts
Rio Moves to Seize Refit Refinery From Fugitive Magro
Brazil · Energy Key Facts —The seizure: Interim governor Ricardo Couto will expropriate the Refit refinery land in Manguinhos, Rio de Janeiro, to offse
TL;DRAI
Rio expropriates the Refit refinery from fugitive Ricardo Magro to offset R$9.4B in state tax debt; Petrobras eyes acquisition. The move reverses Brazil's post-2019 refining privatization and signals tougher enforcement on major tax debtors.
779 words~4 min read
