Petrobras resumes oil trading with Glencore and two others after bribery probe
Brazilian prosecutors said in December 2018 they were investigating the three major energy trading firms for paying at least $31m in bribes to Petrobras employees
15 September 2020 - 16:01
London/Rio de Janeiro — Brazil’s state-run oil firm Petrobras has lifted its ban on trading with major commodity traders Glencore, Vitol and Trafigura, in place since Brazilian prosecutors announced a bribery probe in 2018, the company told Reuters.
“After a temporary suspension period with the companies cited, the company re-initiated business after adopting and perfecting a series of specific measures meant to bring more security to the commercial relationship,” Petrobras said in a statement to Reuters...
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