Connecticut Oil Trader Hit Again in Petrobras Bribery Case

Tuesday, August 29, 2023

A Connecticut oil and gas trader already charged for his alleged role in a bribery scheme to win business from Brazil's state-owned Petrobras oil company was hit with additional charges on Tuesday, the Justice Department said.

Gary Oztemel, of Riverside, Connecticut, owner of Petro Trade Services, was charged with money laundering and conspiracy to violate the Foreign Corrupt Practices Act, DOJ said. The original charges against Oztemel were unsealed on Feb. 15.

The DOJ said that between 2010 and 2018 Oztemel and Eduardo Innecco, a Brazilian-Italian oil and gas broker, paid bribes to Brazilian officials to help two Connecticut trading companies secure contracts and learn confidential details about Petrobras' fuel oil business.

(Reuters - Reporting by Eric Beech; Editing by Dan Whitcomb and Daniel Wallis)

Categories: People Oil Crime

Related Stories

Brazil Court Lifts Export Tax for Select Oil Firms

SCA Secures First 50Hertz Contract for Cable Carousel Systems

Prysmian Shares North American Leadership Transitions

Current News

RWE Installs First Recyclable-Blade Turbine at Danish Offshore Wind Farm

Eni, NOC Find Gas in Offshore Libya Exploration Well

Brazil Court Lifts Export Tax for Select Oil Firms

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Subscribe for OE Digital E‑News