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Chevron says appeals court overturned Brazil operating ban

Source: Thomson Reuters Foundation - Fri, 30 Nov 2012 20:27 GMT
Author: Reuters
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RIO DE JANEIRO, Nov. 30 (Reuters) - A Brazilian appeals court overturned an injunction barring Chevron Corp, the No. 2 U.S. oil company, from operating in Brazil, a company spokesman told Reuters on Friday.

The injunction was sought by Brazilian Federal prosecutors who have launched a lawsuit against the company and its drilling contractor, Transocean Ltd, seeking nearly ${esc.dollar}20 billion for an offshore oil spill northeast of Rio de Janeiro in November 2011.

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