Execs of Big Oil Traders Knew of Petrobras Bribes

Wednesday, December 5, 2018

Brazilian investigators said on Wednesday that "top executives" of trading giants Vitol , Trafigura and Glencore had full knowledge that their employees paid millions in bribes to executives of state-controlled oil company Petroleo Brasileiro SA in return for business.

Police and prosecutors said in a press conference that there are strong indications the scheme is ongoing, citing prison visits that company representatives made to Petrobras executives already convicted and serving time in Brazilian jails. Bribe money allegedly moved through accounts in the United States, the United Kingdom, Switzerland and other European nations.


(Reporting by Brad Brooks Editing by Chizu Nomiyama)

Categories: Legal Industry News South America Government

Related Stories

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Indonesia Targets Higher Oil and Gas Output in 2027

Current News

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Oil Falls More Than 2% as US-Iran Tensions Ease

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Prices Slide as Israel-Iran Suspend Strikes

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com