In a statement, the country’s tax agency said the company could import and export vessels with tax benefits under the Repetro programme.

This will last until December 2020 and will mainly aid Petrobras contracts.

TradeWinds has reported previously on the headache caused for Petrobras and shipowners when authorities stopped admitting ships into the oil and gas tax incentive scheme four years ago, but it was later reintroduced.

Repetro