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

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

India Seeks $30B from Reliance, BP Over Gas Shortfall at Offshore Fields

South Korean Firm Buys Into Indonesian Offshore Oil Block

Yinson Production Cuts First Steel for Vietnam-Bound FSO

CNOOC Makes Major Oil Discovery in Bohai Sea

CNOOC Launches New Offshore Oil Development in Southern China

Technip Energies Gets On Board Thailand’s First CCS Project

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Current News

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

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