Brazil's Petrobras Agrees to Pay 1.4 Billion Reais for 2000 Oil Leak

SAO PAULO (Reuters) — Brazil's state-run oil company Petrobras said on Friday it has agreed to pay 1.4 billion reais ($254 million) to settle three civil suits relating to the leak of an oil pipeline in southern Brazil in 2000.

Petroleo Brasileiro SA, as the company is formally known, said it would pay the amount in four quarterly payments.

The spill in January 2000 leaked about 8,000 barrels (1.3 million liters) of oil into Guanabara Bay.

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