SAO PAULO, March 31 Brazil's oil industry
regulator ANP on Friday imposed a 2.6 billion reais ($833
million) fine on state oil company Petroleo de Brasileiro SA
and its partners in the giant Lula offshore field for
a discrepancy in the pricing of oil used in calculating the
Petrobras, which operates the field with a 65 percent stake,
said in a statement the consortium would appeal the decision.
Its partners in the field are BG E&P Brasil - a unit of Royal
Dutch Shell Plc - with 25 percent and Petrogal Brasil,
with 10 percent.
($1 = 3.1220 reais)
(Reporting by Marcelo Teixeira; Writing by Daniel Flynn;
Editing by James Dalgleish)