corruption scandal

  • Petrobras Completes its 2015 Divestment Plan

    Petrobras Completes its 2015 Divestment Plan

    Wednesday, 6th January 2016
    Brazil's state-controlled oil corporation, Petróleo Brasileiro SA (Petrobras), has completed its divestment plan for 2015 by selling its 49% stake in the Gaspetro gas distribution unit worth $500m to the Japanese company, Mitsui & Co Ltd.
  • Brazil’s Petrobras Says Scandal Cost Company Over $2Bn

    Brazil’s Petrobras Says Scandal Cost Company Over $2Bn

    Thursday, 23rd April 2015
    Brazil’s national oil company said a graft scandal cost it 6.2 billion reais ($2.1 billion) after a five-month internal debate that shut off access to bond markets, cost the chief executive her job and destabilized the country’s politics.
  • Petrobras Post-Scandal Leadership Reshuffle

    Petrobras Post-Scandal Leadership Reshuffle

    Sunday, 29th March 2015
    Economist Guido Mantega resigned on 23 March from the Petrobras’ Board of Directors, leaving his position as chairman