Brazil’s Petrobras Says 32 Firms Banned From Working With It

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Thirty-two companies are currently banned from doing work for Brazil’s state-run oil company Petroleo Brasileiro SA because of an ongoing corruption investigation, the oil firm’s head of governance João Elek said on Wednesday.

He said Queiroz Galvão Óleo e Gás is now allowed to work with Petrobras, as the oil company is more commonly known, after it signed a leniency agreement. Petrobras needs other companies to be able to return as well, Elek added. 

 

 

 

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