Petrobras Receives $149 Mln from SBM in Leniency Deal

October 22, 2018

(File photo: SBM Offshore)
(File photo: SBM Offshore)

Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said on Monday.

As a result of a long-running corruption investigation, SBM was accused of paying bribes to secure contracts with Petrobras, as the state-controlled oil company is known.


($1 = 3.6866 reais)

(Reporting by Alexandra Alper; editing by Jonathan Oatis)

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