Connect to share and comment

Petrobras to spend $2 bn on gas exploration in Bolivia

La Paz, Apr 17 (EFE).- Brazilian oil giant Petrobras plans to invest more than $2 billion in gas exploration projects in three areas in southern Bolivia, state-owned oil company YPFB said. Petrobras will be focusing on the San Telmo, Astillero and Sunchal areas in Tarija, a region on the border with Paraguay and Argentina, YPFB CEO Carlos Villegas said in a statement.

Petrobras to spend $2 bn on gas exploration in Bolivia

La Paz, Apr 17 (EFE).- Brazilian oil giant Petrobras plans to invest more than $2 billion in gas exploration projects in three areas in southern Bolivia, state-owned oil company YPFB said. Petrobras will be focusing on the San Telmo, Astillero and Sunchal areas in Tarija, a region on the border with Paraguay and Argentina, YPFB CEO Carlos Villegas said in a statement.

Petrobras hands over documents in Brazil corruption probe

Rio de Janeiro, Apr 12 (EFE).- Brazilian state-controlled oil giant Petrobras turned over documents to Federal Police investigators carrying out a corruption probe, officials said. The company had previously been notified and cooperated with investigators who arrived at its headquarters in Rio de Janeiro, the Federal Police said in a statement. The police were personally received Friday by CEO Maria das Gracas Silva Foster, who handed over the documents they requested regarding a specific contract, Petrobras said in a statement.

Petrobras hands over documents in Brazil corruption probe

Rio de Janeiro, Apr 12 (EFE).- Brazilian state-controlled oil giant Petrobras turned over documents to Federal Police investigators carrying out a corruption probe, officials said. The company had previously been notified and cooperated with investigators who arrived at its headquarters in Rio de Janeiro, the Federal Police said in a statement. The police were personally received Friday by CEO Maria das Gracas Silva Foster, who handed over the documents they requested regarding a specific contract, Petrobras said in a statement.

Petrobras yields documents in money-laundering probe

Brazil's Petrobras has turned over documents sought by authorities investigating an alleged $4.5 billion money-laundering operation, the latest in a series of problems to plague the state oil giant. Petrobras CEO Graca Foster supplied federal police with the documents Friday. In addition, a total of 23 search and arrest warrants were issued Friday, to be carried out in the Brazilian cities of Sao Paulo, Campinas, Rio de Janeiro, Macae and Niteroi.

Petrobras yields documents in money-laundering probe

Brazil's Petrobras has turned over documents requested in an investigation into a $4.5 million money-laundering operation, the latest in a series of problems to plague the state oil giant. Petrobras CEO Graca Foster supplied federal police with the documents Friday. "A number of documents were recovered and more than 70,000 reais ($31,500, 22,700 euros) was seized," the police said, adding that further details would not be released until a final report on the operation is filed.

Petrobras HQ raided by Brazil police in money-laundering probe

By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) - Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro on Friday as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters.

Brazil probes Texas refinery, has bigger problems at home

By Jeb Blount RIO DE JANEIRO (Reuters) - The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election. Rousseff's congressional opposition has convinced their colleagues to open an investigation into Petroleo Brasileiro SA's <PETR4.SA> $1.2 billion purchase of Pasadena Refining Systems Inc.

Brazil stock rally shows investors hoping for the worst

By Asher Levine SAO PAULO (Reuters) - Brazilian stocks have soared in recent days despite a deteriorating economic and corporate outlook, and some investors hope things get even worse. After years of complaining that President Dilma Rousseff's government mismanaged the economy and destroyed the market value of state-run firms, investors have latched on to the idea that Brazil's outlook has deteriorated enough to spark change.

Brazil ex-president backs Petrobras refinery enquiry

Former Brazilian president Fernando Henrique Cardoso on Sunday said Congress should investigate a growing scandal surrounding the controversial 2006 purchase by oil giant Petrobras of a Texas refinery. The controversy has deepened in recent days over the nature of a purchase was authorized in 2006, when current President Dilma Rousseff chaired the state firm's board of directors. Estado de Sao Paulo daily said Cardoso favored the creation of a cross-party investigative commission to shed light on the purchase of Pasadena Refinery System Inc.
Syndicate content