Royalties

ANP approves distribution of R $ 470 million for education and fighting the pandemic

T&B Petroleum/Press Office ANP
30/07/2020 20:49
ANP approves distribution of R $ 470 million for education and fighting the pandemic Imagem: Petrobras Agency Visualizações: 2141 (0) (0) (0) (0)

The ANP Collegiate Board approved today (07/30) the distribution of royalties from production in fields under the sharing regime, among which Tartaruga Verde Sudoeste, Nordeste de Sapinhoá, Noroeste de Sapinhoá and Sudoeste de Sapinhoá.

 

In all, approximately R $ 470 million will be distributed, of which 34% will be allocated to the Union and 66% to states and municipalities, directly or through the Special Petroleum Fund.

 

The distribution to beneficiaries will take place under the terms of articles 48 and 49 of Law 9.478 / 1997, in view of the validity of a precautionary measure referring to Direct Unconstitutionality Action (ADI) No. 4,917 / 2013.

 

Under Law No. 12,858 / 2013, the royalties distributed will be applied to education (75%) and health (25%), strengthening the fight against the Covid-19 pandemic.

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