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International

Oil firm on hook for damage costing$160 million

July 10, 2020 Reprints

Brazilian authorities have said that petrochemical firm Braskem SA's former salt mining operation has caused geological damage in a wider area than previously identified and can cost an additional 850 million Brazilian real ($160 million), S&P Global reports. The company also expects to incur BRL 750 million for the complete shutdown of the salt mining operation.

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Oil firm on hook for damage costing$160 million

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