Skip to main content

Petrobras Could Get Back 5.5 billion Reais in Corruption Probe


Brazilian state-controlled oil company Petróleo Brasileiro SA could receive up to 5.5 billion reais ($1.6 billion) back as a result of an ongoing corruption probe, Chief Executive Officer Pedro Parente said on Friday.


Speaking at a news conference in Curitiba, he estimated Petrobras lost roughly 6 billion reais due to a kickback scheme involving major politicians and executives. The company got 204 million reais back on Friday, adding to more than 500 million reais it had already received.


Source: Global Oil update


Please leave comments and feedback below
Labels:

Comments

Post a Comment

Popular posts from this blog

Second explosion in one year on Aces FPSO in Pakistan

A fire broke out aboard the partially scrapped ACES FPSO at a shipbreaking plot in Gadani Pakistan.
Post a Comment
Read more

Tropical Arctic Logistics Launches New N43.8b worth of Helicopter in Nigeria, Names Her ‘Chinenyeze

Top Business mogul Emperor Chris Baywood Ibe ( CEO of Tropical Arctic Logistics Limited) recently launched a new helicopter named ‘Chinenyeze’. The helicopter arrived Muritala Mohammed International Airport on May 29, 2018.
Post a Comment
Read more

Worker missing after offshore drilling vessel catches fire off Miri waters

One of 39 crewmen is missing after a fire that broke out on an offshore drilling-vessel near Miri in the South China Sea
Post a Comment
Read more