RIO DE JANEIRO—After six years of intense debate, state-run Petrobras will be paid US$9.058 billion after reaching an agreement with the Brazilian government, settling a review of the Transfer of Rights area assignment contract.

According to Brazil’s Energy Minister Bento Albuquerque, the agreement announced April 9 helps minimize uncertainties about the planned Oct. 28 auction for rights to extract surplus hydrocarbon resources in the Transfer of Rights area. “There are no more uncertainties,” Albuquerque said.

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