Operation Car Wash: Petrobras Receives $45 Million in Corruption Settlement with Vitol

Written by Flavia Marinho

Published on 30/12/2020 at 08:01

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According to Petrobras, the company has recovered R$ 4.8 billion in agreements and compensations related to the Lava Jato investigation so far

Petrobras reported yesterday (12/29) in a relevant fact that it received R$ 232.6 million in an agreement with the Swiss energy trading company Vitol, which was implicated in a national corruption investigation in the Lava Jato Operation. Petroleira Perenco Will Make Billion-Dollar Investment in Oil Fields Purchased from Petrobras in the Campos Basin

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In the statement, the Brazilian state oil company said that the agreement was mediated as part of a leniency agreement between Vitol and the Federal Public Ministry.

The broad investigation known as the Lava Jato Operation uncovered companies that paid bribes for Petrobras contracts and implicated hundreds of companies and public officials.

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Petrobras Initiates Arbitration Against Odebrecht for R$ 800 Million Related to the Braskem Petrochemical

Petrobras announced last Tuesday (28) that it has initiated an arbitration request for damages against Odebrecht, estimated at approximately R$ 800 million.

According to the market report, Petrobras alleges violation of the shareholder agreement terms regarding Braskem. The Braskem petrochemical is not a party to the referred arbitration, which is protected by confidentiality, the statement explained.

In August this year, Odebrecht announced that it would sell its entire stake in Braskem. The news came through a document sent to the Securities and Exchange Commission (CVM).

Operation Car Wash: Petrobras Receives $45 Million in Corruption Settlement with Vitol

According to Petrobras, the company has recovered R$ 4.8 billion in agreements and compensations related to the Lava Jato investigation so far

Read Also

Petrobras Initiates Arbitration Against Odebrecht for R$ 800 Million Related to the Braskem Petrochemical

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

At 625 meters above the ground and with a span of 1,420 meters between mountains, China inaugurated the highest bridge in the world — and the 2-hour journey now takes 2 minutes.

A neighboring country of Brazil starts to profit billions from oil after the war in Iran, sees its economy grow at an unusual pace, and enters a silent dilemma that few countries can resolve without a crisis.

War in Iran complicates the situation, the government is considering holding back gasoline prices, and the new minister says that if necessary, the country may even go into more debt to protect families.

What looks like a giant cat sleeping at Hong Kong airport is actually 8 meters long, responds to visitors, and has become an unexpected attraction among passengers arriving without imagining what they will find.

Made from common salt and 50% cheaper than lithium, the new Chinese battery promises a range of 500 km and could revolutionize electric cars starting in 2026.

Operation Car Wash: Petrobras Receives $45 Million in Corruption Settlement with Vitol

According to Petrobras, the company has recovered R$ 4.8 billion in agreements and compensations related to the Lava Jato investigation so far

Read Also

Petrobras Initiates Arbitration Against Odebrecht for R$ 800 Million Related to the Braskem Petrochemical

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Foresea announces winners of the 3rd supplier award highlighting performance, technology, and sustainability in the oil and gas sector in Macaé.

The 12% export tax on Brazilian oil reignites the debate on regulatory risk, competitiveness, and impact on the trade balance.

Rio could lose up to R$ 21 billion per year due to the STF’s decision on oil royalties, and the impact could affect the economy, tourism, and services.

The rise in oil prices puts Brazil in a strategic advantage and projects a trade surplus of US$ 90 billion, boosting exports and creating a highly favorable and unexpected economic scenario.

IMF issues global warning: war could push the world into recession and oil prices could soar above $110.

At 625 meters above the ground and with a span of 1,420 meters between mountains, China inaugurated the highest bridge in the world — and the 2-hour journey now takes 2 minutes.

A neighboring country of Brazil starts to profit billions from oil after the war in Iran, sees its economy grow at an unusual pace, and enters a silent dilemma that few countries can resolve without a crisis.

War in Iran complicates the situation, the government is considering holding back gasoline prices, and the new minister says that if necessary, the country may even go into more debt to protect families.

What looks like a giant cat sleeping at Hong Kong airport is actually 8 meters long, responds to visitors, and has become an unexpected attraction among passengers arriving without imagining what they will find.

Made from common salt and 50% cheaper than lithium, the new Chinese battery promises a range of 500 km and could revolutionize electric cars starting in 2026.