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Bush Wants to End Import Tariff on Brazilian Ethanol

The President of the United States, George W. Bush, asked the American congress, last week, to analyze suspending the import tariff on Brazilian ethanol.

Currently it is of US$ 0.54 per gallon of 3.78 liters. "Ending the tariff will allow the import of foreign ethanol and this will help us with our costs," said Bush to al local television.

Last year, Brazil exported to the United States about US$ 77 million in ethylic alcohol for industrial purposes. The information is from the communications department at the Brazilian Ministry of Agriculture.

Petrobras Profits

The net profit obtained by Brazilian state-owned oil company Petrobras added up to US$ 3.14 billion in the first quarter, which represented an increase in 33% in relation to the same period last year, according to information released by the company.

The main factors for this increase were the company’s operational advances in the areas of exploitation and production and refinery, the high international prices, the appreciation of the real in relation to the dollar and the stability of operational costs.



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