Petrobras elimina riscos de corrupção e vai poder voltar a receber investimentos da Noruega

Petrobras Eliminates Corruption Risks and Can Resume Receiving Investments from Norway

Written by Flavia Marinho

Published on 14/07/2020 at 13:11

Updated on 14/07/2020 at 13:24

Petrobras elimina riscos de corrupção e vai poder voltar a receber investimentos da Noruega

Seja o primeiro a reagir!

After Operation Car Wash, Petrobras Is Again Able to Receive Investments from One of the World’s Largest Investment Funds

Car Wash – Petrobras announced yesterday evening on its news portal that the company is once again eligible to receive investments from KLP, Norway’s largest pension fund, which has total assets of R$430 billion. Equinor Awards MDE Group Contract for the Construction of Brazil’s Largest FPSO

Also Read

The fund’s decision came after Petrobras significantly reduced the risks of corruption following the complications from the Federal Police’s Operation Car Wash.

ARTICLE CONTINUES BELOW

See also

The good news was announced through a statement from the Fund, which highlighted that the company has greatly strengthened its governance in recent years to reduce corruption risks within the company.

Remember the Case

In 2014, at the height of Operation Car Wash, the fund removed Petrobras from its investment portfolio after several corruption cases were investigated, including suspicions of overpricing in contracts with shipyards.

KLP emphasized in the statement that the state-owned company took correct actions such as replacing those involved in the scandals and the fact that the company reached agreements with U.S. authorities to end legal actions.

This was not the only good news of this kind that Petrobras received. For months, the Brazilian oil state-owned company was also removed from the list of companies under observation by the Norwegian Sovereign Fund’s Ethics Council, after being included in 2016.

The Ethics Council also recognized, at the time, Petrobras’ actions to combat corruption, highlighting that the Federal Public Ministry and the Brazilian Federal Supreme Court officially declared Petrobras a victim regarding the Operation Car Wash investigations.

It is worth mentioning that more than R$ 4.5 billion has already been refunded by Brazilian authorities to the oil company’s coffers.

Petrobras Eliminates Corruption Risks and Can Resume Receiving Investments from Norway

After Operation Car Wash, Petrobras Is Again Able to Receive Investments from One of the World’s Largest Investment Funds

Also Read

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

350-year mystery may have been solved: remains of a soldier who inspired the hero of The Three Musketeers found beneath a church in the Netherlands.

NASA photographed a nearly perfect square with 3 km sides on Mars, 13 times larger than the Great Pyramid of Giza, but the official explanation is natural erosion; still, no one has explained why the four sides have almost identical lengths.

Starlink breaks the barrier of 10,000 satellites in orbit and takes its expansion to an unprecedented level, with a direct impact on global internet, technological competition, and the race for space.

Seen from space, a colossal ‘Y’ cuts through the largest desert in China, blending a jade-filled river, red and white mountains, and revealing the absurd scale of the transformation of the Taklamakan surrounded by a green wall with billions of trees.

Petrobras Eliminates Corruption Risks and Can Resume Receiving Investments from Norway

After Operation Car Wash, Petrobras Is Again Able to Receive Investments from One of the World’s Largest Investment Funds

Also Read

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.

Alert in the fuel market: Analysts and a former director of ANP warn that oil prices may worsen in the coming months due to global instability.

Ocyan brings executives and digital solutions to Macaé Energy 2026 and highlights offshore expansion with Nexio and a new base in Macaé.

Petrobras advances 4.6% with rising oil prices and the dollar, reigniting the debate on macro risks, pricing policy, and fiscal impact in Brazil.

Strategic partnership between Brazil and Bolivia secures new investments: Agreement for the expansion of natural gas strengthens infrastructure market prospects and promises to reduce industrial costs.

Expansion of Federal Institutes: 38 new campuses and R$ 200 million for public education; see the cities included.

350-year mystery may have been solved: remains of a soldier who inspired the hero of The Three Musketeers found beneath a church in the Netherlands.

NASA photographed a nearly perfect square with 3 km sides on Mars, 13 times larger than the Great Pyramid of Giza, but the official explanation is natural erosion; still, no one has explained why the four sides have almost identical lengths.

Starlink breaks the barrier of 10,000 satellites in orbit and takes its expansion to an unprecedented level, with a direct impact on global internet, technological competition, and the race for space.

Seen from space, a colossal ‘Y’ cuts through the largest desert in China, blending a jade-filled river, red and white mountains, and revealing the absurd scale of the transformation of the Taklamakan surrounded by a green wall with billions of trees.