Petrobras agrees to pay Brazil $508 mln to settle tax dispute
RIO DE JANEIRO, July 16 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday that it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take the charge against earnings in second-quarter results.
The charge includes 1.2 billion reais in back taxes and 400 million reais in fines, the company, known as Petrobras, said in a statement.
($1 = 3.1522 Brazilian reais)
(Reporting by Jeb Blount; Editing by Lisa Shumaker)
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