Galp announced that the Brazilian government has approved a 12% tax on crude oil exports, effective since Thursday. The measure directly affects shipments from the country and will have financial consequences for the Portuguese oil company. In a statement sent to the Portuguese Securities Market Commission (CMVM) this Friday, March 13, the company estimates that the negative effect could reach up to 100 million, a preliminary figure disclosed in the same note. Galp emphasizes that this quantification is based on current market conditions and expected exports. The Brazilian government expects the tax to remain in place for at least four months, during which time Galp will monitor developments and assess the operational and economic impact. Galp acquires oil exploration rights in three new areas on the Brazilian coast.