Execs of Big Oil Traders Knew of Petrobras Bribes

© Celso Pupo / Adobe Stock
© Celso Pupo / Adobe Stock

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)

Current News

Talos Energy Makes Leadership Team Changes

Talos Energy Makes Leadership

SOVs – Analyzing Current, Future Demand Drivers

SOVs – Analyzing Current, Futu

Equinor Cleared for Drilling Ops at Johan Castberg Field with Transocean Enabler Rig

Equinor Cleared for Drilling O

Skanska Set for South Brooklyn Marine Terminal Buildout

Skanska Set for South Brooklyn

Subscribe for OE Digital E‑News

Offshore Engineer Magazine