Petrobras set to appeal against Ibama's ban on Amazon drilling

Brazilian oil behemoth, Petrobras (PETR4.SA), has announced plans to appeal against a decision by Ibama, the national environmental agency, prohibiting the company from drilling an oil well at the Amazon River's mouth, as reported by Reuters. This announcement was made public on Wednesday, stating the appeal would be lodged this week.

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Shutterstock 1149861101 Large — Petrobras oil platform

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